Expleo Solutions Reports Mixed Financial Results for Q1 2024

May 24 2024 06:00 PM IST
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Expleo Solutions, a smallcap IT software company, reported a negative performance in the quarter ending March 2024 with a 'Strong Sell' rating from MarketsMojo. While net sales were the highest in five quarters, profit after tax and operating profit margin decreased. Investors should carefully consider these factors before investing.

Expleo Solutions, a smallcap IT software 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, Expleo Solutions has seen a negative performance in the quarter, with a score of -11 compared to -7 in the previous quarter. However, there are some positive aspects to the company's financials. The net sales for the quarter were the highest in the last five quarters, at Rs 255.41 crore, and the sales trend is currently positive.

On the other hand, there are some areas that need improvement for Expleo Solutions. The profit after tax (PAT) for the quarter was Rs 15.70 crore, which is a decrease of 38.5% compared to the average PAT of the previous four quarters. The PAT trend is also very negative in the near term. Similarly, the profit before tax less other income (PBT) for the quarter was Rs 24.38 crore, a decrease of 13.6% compared to the average PBT of the previous four quarters. The operating profit margin for the quarter was the lowest in the last five quarters, indicating a deterioration in the company's efficiency. The earnings per share (EPS) for the quarter were also the lowest in the last five quarters, showing a decline in profitability and lower earnings for shareholders.

Overall, Expleo Solutions has had a mixed financial performance in the quarter ending March 2024. Investors should carefully consider these factors before making any investment decisions.
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