Veerhealth Care's Financial Results Show Negative Performance, Receives 'Strong Sell' Call

Veerhealth Care, a microcap company in the trading industry, recently announced its financial results for the quarter ending March 2024. The results, declared on August 14, 2024, have received a 'Strong Sell' call from MarketsMOJO.

According to the financials, Veerhealth Care has seen a negative performance in the quarter, with a score of -7 compared to -3 in the previous quarter. This indicates a decline in the company's financial health in the last three months.

One of the major factors contributing to this decline is the Profit Before Tax (PBT) less Other Income, which has been consistently falling in the last five quarters and reached its lowest at Rs -0.21 crore in the current quarter. This trend is expected to continue in the near term.

The company's Net Sales for the half-yearly period have also shown a negative growth of -25.72% Year on Year (YoY), standing at Rs 5.43 crore. Similarly, the Profit After Tax (PAT) for the same period has also declined by -25.72% YoY, with a value of Rs -0.43 crore. These trends are expected to continue in the near term.

Furthermore, the Operating Profit (PBDIT) for the current quarter has reached its lowest at Rs -0.02 crore in the last five quarters, indicating a negative trend in the near term.

Based on these financials, MarketsMOJO has given a 'Strong Sell' call for Veerhealth Care. Investors are advised to carefully consider these factors before making any investment decisions.