Unitech International's Q3 Financial Results Decline

Unitech International, a microcap trading company, has recently declared its financial results for the quarter ended September 2023. The company's net sales for the quarter have seen a decline of 76.78% compared to the previous quarter, while the standalone net profit has shown a growth of 92.62%.

According to MarketsMOJO, a leading financial analysis platform, the stock call for Unitech International is currently 'Strong Sell'. However, the company's operating profit (PBDIT) has shown a positive trend in the last five quarters, with the highest value of Rs 0.13 crore in the September 2023 quarter. Similarly, the profit before tax (PBT) and profit after tax (PAT) have also shown positive trends in the near term.

On the other hand, the company's net sales for the nine-month period have declined by 45.56% compared to the same period last year. Additionally, the operating cash flow for the last three years has been the lowest at Rs -10.00 crore, indicating a decrease in cash revenues from business operations.

Despite the mixed financial performance, Unitech International has shown an improvement in its overall score from -8 to -4 in the last three months. The company's increasing profitability and higher earnings per share (EPS) in the last five quarters are positive indicators for shareholders. However, the declining net sales and operating cash flow are areas of concern for the company.