Exicom Tele-Systems' Q1 financials show flat performance, but PAT sees 22.71% growth

Aug 05 2024 05:52 PM IST
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Exicom Tele-Systems, a midcap company in the capital goods industry, has reported flat performance in the quarter ending June 2024. However, the company's Profit After Tax has shown a growth of 22.71% year on year, while the Profit Before Tax has fallen by -9.7%. MarketsMojo has given a 'Sell' call for the company.

Exicom Tele-Systems, a midcap company in the capital goods industry, has recently declared its financial results for the quarter ending June 2024. According to the latest report, the company's performance has remained flat compared to the previous quarter, with a score of 1 out of 16 in the last three months.

However, there are some positive aspects to the company's financials. The Profit After Tax (PAT) for the first half of the year has shown a growth of 22.71% year on year, reaching Rs 45.71 crore. This indicates a positive trend in the near term for the company.

On the other hand, the Profit Before Tax less Other Income (PBT) for the quarter has fallen by -9.7% compared to the average PBT of the previous four quarters. This is a cause for concern as the near term trend for PBT is negative.

MarketsMOJO has given a 'Sell' call for Exicom Tele-Systems based on its financial performance in the quarter ending June 2024. Investors should carefully consider these factors before making any investment decisions.
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