Abhinav Leasing & Finance Reports Negative Q1 Results, Net Sales Show Growth
Abhinav Leasing & Finance, a microcap finance company, has recently announced its financial results for the quarter ended March 2024. The company has seen a negative performance in this quarter, with a score of -8 compared to -3 in the previous quarter.
Despite this, there are some positive aspects to the company's financials. The net sales for the quarter have shown a significant growth of 128.0% compared to the average net sales of the previous four quarters. This is a positive trend for the company in the near term. Additionally, the net sales for this quarter are the highest in the last five quarters, indicating a positive sales trend.
However, there are also some concerning factors in the financials. The profit before tax less other income (PBT) for the quarter has fallen by -1526.7% compared to the average PBT of the previous four quarters. This is a very negative trend for the company in the near term. The profit after tax (PAT) has also shown a significant decline of -800.0% compared to the average PAT of the previous four quarters. The PBT for this quarter is also the lowest in the last five quarters, indicating a negative trend.
The earnings per share (EPS) for the quarter are also at its lowest in the last five quarters, showing a decline in profitability and lower earnings for shareholders. Based on these financials, MarketsMOJO has given a 'Strong Sell' call for Abhinav Leasing's stock.
Investors and stakeholders should closely monitor the company's financial performance in the upcoming quarters to assess its future prospects.
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