Unitech's Q4 2024 Financial Results Show Mixed Performance, Investors Advised to Analyze Carefully

Unitech, a smallcap real estate company, recently declared its financial results for the quarter ending March 2024. According to MarketsMOJO, the stock call for Unitech is 'Sell'.

The company's financial performance for the quarter has remained flat, with a score of -5, showing a slight improvement from -21 in the last 3 months. However, there are some positive aspects to the financials.

The net sales for the quarter were at Rs 255.69 crore, showing a growth of 220.6% compared to the average net sales of the previous four quarters, which were at Rs 79.76 crore. This indicates a very positive sales trend in the near term. Additionally, the net sales for the quarter were the highest in the last five quarters, further highlighting the positive sales trend.

On the other hand, there are some areas where Unitech's financials have not been performing well. The Profit Before Tax less Other Income (PBT) for the quarter was at Rs -1,602.46 crore, showing a decline of -116.6% compared to the average PBT of the previous four quarters, which was at Rs -739.69 crore. This indicates a very negative PBT trend in the near term. Similarly, the Profit After Tax (PAT) for the quarter was at Rs -1,442.95 crore, showing a decline of -139.9% compared to the average PAT of the previous four quarters, which was at Rs -601.43 crore. This also indicates a very negative PAT trend in the near term.

Moreover, the company's ability to manage interest payments has deteriorated, with the Operating Profit to Interest ratio being the lowest at -0.92 times in the last five quarters. The PBT and PAT have also been the lowest in the last five quarters, showing a decline each quarter. The Operating Profit (PBDIT) for the quarter was also the lowest at Rs -766.46 crore, indicating a negative trend in the near term. The Operating Profit Margin for the quarter was also the lowest at -299.76%, showing a decline in the company's efficiency.

Lastly, the Earnings per Share (EPS) for the quarter was the lowest at Rs -5.52 in the last five quarters, indicating a declining profitability and lower earnings for shareholders.

Overall, Unitech's financial performance for the quarter ending March 2024 has been mixed, with some positive and negative aspects. Investors are advised to carefully analyze the company's financials before making any investment decisions.