Arihant Superstructures' Q1 2024 Financial Results Show Decline in Sales and Profitability
Arihant Superstructures, a smallcap real estate company, has recently declared its financial results for the quarter ending June 2024. The company has received a 'Sell' call from MarketsMOJO, indicating a negative outlook for its stock.
According to the financial report, Arihant Superstructures has seen a decline in its net sales by 33.6% compared to the previous four quarters. This trend is expected to continue in the near term. The company's profit before tax (PBT) has also fallen by 89.8% and its profit after tax (PAT) has decreased by 88.0% in the same period.
One of the major concerns for the company is its operating profit to interest ratio, which is at its lowest in the last five quarters. This indicates a deteriorating ability to manage interest payments. Additionally, the company's net sales and operating profit have also reached their lowest levels in the last five quarters.
The rising interest cost, which has increased by 23.33% quarter-on-quarter, is also a cause for concern as it signifies increased borrowings. The company's operating profit margin has also decreased to its lowest level in the last five quarters, indicating a decline in efficiency.
The company's earnings per share (EPS) have also decreased to its lowest level in the last five quarters, showing a decline in profitability and lower earnings for shareholders.
Overall, the financial performance of Arihant Superstructures for the quarter ending June 2024 has been negative. Investors are advised to carefully consider these factors before making any investment decisions.
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