Williamson Magor & Company's Q1 FY25 financials show decline, receives 'Strong Sell' rating.
Williamson Magor & Company, a microcap finance and non-banking financial company (NBFC), recently announced its financial results for the quarter ending March 2024. The results, declared on August 13, 2024, have received a ‘Strong Sell’ rating from MarketsMOJO.
According to the financials, the company has seen a negative performance in the quarter, with a score of -10 compared to -5 in the previous quarter. This decline can be attributed to various factors, including a significant decrease in Profit Before Tax (PBT) and Profit After Tax (PAT).
The PBT for the quarter was at Rs -271.47 crore, a staggering fall of -246890.91% compared to the same quarter last year. The PAT also saw a decline of -9478.7% year on year, standing at Rs -206.90 crore. This trend is expected to continue in the near term, as indicated by the negative trend in PBT and PAT.
The company’s Operating Profit (PBDIT) for the quarter was at its lowest in the last five quarters, standing at Rs -271.32 crore. Similarly, the PBT was also at its lowest in the last five quarters, at Rs -271.47 crore. This indicates a negative trend in the near term for the company’s operating profit.
Furthermore, the company’s Earnings per Share (EPS) for the quarter was at its lowest in the last five quarters, at Rs -188.78. This decline in profitability is a cause for concern for shareholders.
In conclusion, Williamson Magor & Company’s financial results for the quarter ending March 2024 have been disappointing, with a negative trend in key financial indicators. Investors are advised to exercise caution and consider the ‘Strong Sell’ rating given by MarketsMOJO before making any investment decisions.
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