IFL Enterprises Reports Flat Performance, But Shows Growth in Net Sales

May 28 2024 06:01 PM IST
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IFL Enterprises, a microcap trading company, has reported a flat performance with a score of -3 for the quarter ending March 2024, as per MarketsMojo's sell call. However, the company has shown a growth in net sales of 59.03% year on year, but a significant decline in profit after tax of -2366.7%. The company remains focused on improving its financial performance.

Despite a strong sell call from MarketsMOJO, IFL Enterprises has declared its financial results for the quarter ending March 2024. The microcap trading company has reported a flat performance with a score of -3, a significant decrease from the previous quarter's score of 14.

On a positive note, IFL Enterprises has shown a growth in net sales of 59.03% year on year, with a total of Rs 5.90 crore in the last nine months. This indicates a strong sales trend in the near future.

However, the company has also reported a significant decline in profit after tax (PAT) of -2366.7% year on year, with a total of Rs -0.68 crore in the last quarter. This is reflected in the negative PAT trend in the near term.

Additionally, IFL Enterprises has also seen a decline in operating profit (PBDIT) and profit before tax less other income (PBT) in the last five quarters. The company's earnings per share (EPS) have also decreased, indicating a decline in profitability and lower earnings for shareholders.

Despite these challenges, IFL Enterprises remains committed to improving its financial performance and will continue to work towards achieving positive results in the future.
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