Tantia Constructions' Financial Results Show Significant Decline, Receives 'Strong Sell' Call

Tantia Constructions, a microcap company in the capital goods industry, recently announced its financial results for the quarter ending March 2024. The results have been declared on May 30, 2024 and have received a 'Strong Sell' call from MarketsMOJO.

The company has seen a significant decline in its financial performance, with a score of -22 compared to -15 in the previous quarter. This downward trend is a cause for concern for investors.

One of the major factors contributing to this negative performance is the decline in net sales, which have fallen by 46.78% year on year. This is a significant drop and the near-term sales trend is also very negative.

The company's profit before tax (PBT) has also taken a hit, falling by 99.80% year on year. This is a worrying trend for investors as it indicates a decline in the company's profitability. The profit after tax (PAT) has also seen a sharp decline of 134.2% year on year, further adding to the company's financial woes.

The earnings per share (EPS) for the quarter is at its lowest in the last five quarters, at Rs -9.83. This indicates a declining profitability and lower earnings for shareholders.

Based on these financial results, MarketsMOJO has given a 'Strong Sell' call for Tantia Constructions. Investors are advised to carefully consider these factors before making any investment decisions.