Telogica's Q1 2024 Financial Results Show Negative Performance, MarketsMOJO Gives 'Sell' Call

May 30 2024 08:40 AM IST
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Telogica, a microcap telecom equipment company, has reported a negative performance in the quarter ending March 2024. The profit before tax has decreased by 231.65% and the profit after tax has seen a decline of 289.1% year on year. The company's earnings per share and operating profit have also dropped significantly. MarketsMojo has given a 'Sell' call for Telogica's stock based on these financial results.

Telogica, a microcap telecom equipment company, has recently released its financial results for the quarter ending March 2024. According to the data, the company has seen a negative performance with a score of -6, a significant drop from 0 in the last 3 months.

The profit before tax less other income (PBT) for the quarter has fallen to -2.62 crore, a decrease of 231.65% compared to the same period last year. This trend is expected to continue in the near term. Similarly, the profit after tax (PAT) has also seen a decline of 289.1% year on year, with a value of -2.49 crore. The operating profit (PBDIT) for the quarter is at its lowest in the last five quarters, standing at -1.95 crore. This indicates a negative trend in the near term.

The company's earnings per share (EPS) for the quarter is at its lowest in the last five quarters, with a value of -1.04. This shows a decline in profitability and a lower return for shareholders.

Based on these financial results, MarketsMOJO has given a 'Sell' call for Telogica's stock. The company's performance in the quarter ending March 2024 has not been favorable, and the near term outlook is also negative. This information is based on the company's own data and does not include any external sources or expert opinions.
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