Emami Realty Ltd Reports Negative Financial Performance in Q1 2024

Emami Realty Ltd, a microcap real estate company, has recently declared its financial results for the quarter ended March 2024. According to the data released on May 30, 2024, the company has seen a negative financial performance with a score of -17, a decrease from -14 in the last three months.

The company's profit before tax (PBT) has fallen to -193.8% over the average PBT of the previous four quarters, which was at Rs -35.94 crore. This indicates a very negative trend in the near term. Similarly, the profit after tax (PAT) has also fallen by -314.9% over the average PAT of the previous four quarters, which was at Rs -16.96 crore. This trend is also very negative in the near term.

The company's interest cost has increased by 54.39% over the previous half-year period, indicating a rise in borrowings. The operating profit (PBDIT) for the quarter is at its lowest in the last five quarters, at Rs -76.20 crore. The operating profit margin is also at its lowest in the last five quarters, at -436.68%, indicating a deterioration in the company's efficiency.

The company's earnings per share (EPS) for the quarter is also at its lowest in the last five quarters, at Rs -18.59. This shows a decline in profitability and lower earnings for shareholders. Based on these financial results, MarketsMOJO has given a stock call of 'Strong Sell' for Emami Realty Ltd.