Adroit Infotech's Q3 Financial Results Decline

Adroit Infotech, a microcap company in the animation industry, recently announced its financial results for the quarter ended September 2023. The company's net sales saw a decline of 30.07% compared to the previous quarter, while its consolidated net profit showed a significant decrease of 267.44%. The operating profit (PBDIT) excluding other income also saw a decline of 194.19%, and the interest expenses increased by 100% in the same period.

These results have led to a 'Strong Sell' call for Adroit Infotech's stock by MarketsMOJO. The company's overall score has fallen from 3 to -12 in the last three months, indicating a negative financial performance.

The Profit Before Tax (PBT) less Other Income has fallen by 148.83% year on year, and the Profit After Tax (PAT) has also shown a decline of 130.1% compared to the same quarter last year. This trend is expected to continue in the near term, according to experts.

The company's operating profit margin has also reached its lowest point in the last five quarters, indicating a decline in efficiency. Adroit Infotech's financial performance for the quarter ended September 2023 has not been favorable, and the company will need to take necessary measures to improve its numbers in the upcoming quarters.