Atharv Enterprises Reports Mixed Financial Results for Q1 2024
Atharv Enterprises, a microcap trading company, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Strong Sell' rating by MarketsMOJO.
According to the financial report, Atharv Enterprises has seen a flat performance in the quarter, with a score of -3 compared to 5 in the previous quarter. However, there are some positive aspects to the company's financials. The Profit After Tax (PAT) for the quarter was the highest in the last five quarters at Rs 0.06 crore, indicating a positive trend in the near term. Similarly, the Earnings per Share (EPS) for the quarter was also the highest in the last five quarters at Rs 0.04, showing an increase in profitability and creating higher earnings for shareholders.
On the other hand, there are some areas of concern for Atharv Enterprises. The Profit Before Tax less Other Income (PBT) for the quarter was at Rs -1.52 crore, which is a significant decrease of -297.4% compared to the average PBT of the previous four quarters. This indicates a very negative trend in the near term. The Operating Profit (PBDIT) for the quarter was also the lowest in the last five quarters at Rs -1.51 crore, showing a negative trend in the near term. Additionally, the Non Operating Income for the quarter was 2,000.00% of the Profit Before Tax (PBT), which suggests that the company's income from non-business activities is high and not a sustainable business model.
Overall, Atharv Enterprises' financial performance for the quarter ending March 2024 has been mixed, with some positive and negative aspects. Investors should carefully consider these factors before making any investment decisions.
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