Digidrive Dist. Reports Positive Financial Performance in Q1 2024 Despite 'Sell' Call from MarketsMOJO

Digidrive Distributors, a microcap trading company, has recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

Despite the negative sentiment from MarketsMOJO, Digidrive Dist. has shown positive financial performance in the quarter. The company's score has improved from -5 to 6 in the last 3 months, indicating a significant improvement.

One of the key factors contributing to this positive performance is the growth in Profit Before Tax less Other Income (PBT) - Quarterly. The company has recorded a PBT of Rs 1.23 crore, which is a 387.7% increase from the average PBT of the previous four quarters. This shows a very positive trend in the near term.

Furthermore, Digidrive Dist. has also seen a growth in Net Sales - Quarterly, with the highest recorded sales of Rs 13.86 crore in the last five quarters. This indicates a positive trend in the company's sales performance in the near term.

In terms of operating profit, Digidrive Dist. has also shown a positive trend with the highest recorded Operating Profit (PBDIT) - Quarterly of Rs 1.33 crore in the last five quarters. This shows an improvement in the company's efficiency.

Moreover, the company's Operating Profit Margin - Quarterly has also seen an improvement, with the highest recorded margin of 9.60% in the last five quarters. This further highlights the company's improved efficiency.

Overall, Digidrive Distributors has shown a positive trend in its financial performance for the quarter ending March 2024. Despite the 'Sell' call from MarketsMOJO, the company's PBT and PAT have both seen significant growth, indicating a positive outlook for the company in the near term.