Gravity (India) Reports Negative Financial Results for Q4 2023, Investors Advised to Analyze Carefully
Gravity (India), a microcap textile company, has recently announced its financial results for the quarter ended December 2023. According to the data released on February 1, 2024, the company has seen a negative performance in this quarter.
The financial score for Gravity (India) has fallen from -3 to -6 in the last three months, indicating a decline in its overall financial health. This is a cause for concern for investors and stakeholders of the company.
One of the major factors contributing to this negative performance is the Profit After Tax (PAT), which has fallen to -1.95 crore in this quarter. This is a significant decrease of 629% compared to the average PAT of the previous four quarters, which was -0.27 crore. The trend for near-term PAT is also very negative.
Another key indicator, the Operating Profit (PBDIT), has also shown a decline in this quarter, with the lowest value of -1.86 crore in the last five quarters. This trend is also negative in the near term.
Similarly, the Profit Before Tax less Other Income (PBT) has also reached its lowest value of -1.95 crore in the last five quarters. This indicates a negative trend in the near term for PBT.
The company's Earnings per Share (EPS) has also decreased to its lowest value of -2.17 in the last five quarters. This shows a decline in profitability and lower earnings for shareholders.
Based on these financial results, MarketsMOJO has given a 'Sell' call for Gravity (India) stock. It is important for investors to carefully analyze the company's financial performance before making any investment decisions.
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