Adhbhut Infra. sees decline in Q3 results

Adhbhut Infrastructure, a microcap engineering company, recently announced its financial results for the quarter ended September 2023. The company's net sales for the quarter saw a decline of 54.55% compared to the previous quarter, while the standalone net profit also decreased by 72.13%. The operating profit (PBDIT) excluding other income also saw a decline of 50.45% in the same period.

Despite the decrease in financial performance, Adhbhut Infra. has shown improvement in its operating profit margin (excluding other income) compared to the previous quarter. However, the overall score for the company has fallen from 8 to 3 in the last 3 months.

Despite the decline in financial performance, there are some positive aspects for Adhbhut Infra. based on the September 2023 financials. The company has shown a strong operating cash flow annually, with the highest amount of Rs 0.05 crore in the last three years. Additionally, the profit after tax (PAT) for the nine-month period was higher at Rs 1.17 crore compared to the preceding 12-month period.

MarketsMOJO has given a 'Strong Sell' call for Adhbhut Infra. based on its financial performance. However, it is important to note that this is not a recommendation and should not be considered as such. Adhbhut Infra. is a microcap company in the engineering industry and investors should conduct their own research and analysis before making any investment decisions.