Graviss Hospitality Reports Negative Financial Results, Receives 'Strong Sell' Rating

Graviss Hospitality, a microcap company in the hotel industry, recently announced its financial results for the quarter ending in March 2024. The results, declared on August 13, 2024, have received a "Strong Sell" call from MarketsMOJO.

According to the financial report, Graviss Hospitality has seen a negative performance in the quarter, with a score of -7, which is a slight improvement from the previous quarter's score of -8. This indicates that the company's financials have not been performing well in the last three months.

One of the major factors contributing to this negative performance is the Profit Before Tax less Other Income (PBT) for the quarter, which stands at Rs -1.43 crore. This is a significant decrease of 593.10% compared to the same quarter last year. The near-term trend for PBT is also very negative.

Similarly, the Profit After Tax (PAT) for the quarter has also seen a decline, with a decrease of 380.0% compared to the same quarter last year. The near-term trend for PAT is also very negative.

Overall, the financial results for the quarter ending in March 2024 have not been favorable for Graviss Hospitality. Investors and stakeholders are advised to take note of the "Strong Sell" call by MarketsMOJO and closely monitor the company's performance in the upcoming quarters.