IITL Projects Reports Flat Performance in Q2, PAT Shows Significant Growth

Nov 09 2024 05:46 PM IST
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The company's PAT has shown significant growth, but there are concerns regarding its operating cash flow and profit. IITL Projects, a microcap company in the construction and real estate industry, reported a flat performance in the second quarter of fiscal year 2024-25. While its Profit After Tax for the nine-month period showed a significant growth of 119.24%, its Operating Cash Flow and Operating Profit for the quarter were at their lowest in the last three and five quarters respectively. Investors are advised to carefully analyze the company's financials before making any investment decisions.

IITL Projects, a microcap company in the construction and real estate industry, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, IITL Projects has shown a flat performance in the second quarter of the fiscal year 2024-25. The company's score has dropped from 10 to 2 in the last three months.

However, there are some positive aspects to the company's financials. The Profit After Tax (PAT) for the nine-month period has shown a significant growth of 119.24% year on year, standing at Rs 1.26 crore. This trend is a positive sign for the company. Additionally, the PAT for the nine-month period is higher than the preceding 12-month period, which was at Rs -25.51 crore. This indicates that the company has already surpassed its sales from the previous year in just nine months.

On the other hand, there are some areas of concern for IITL Projects. The company's Operating Cash Flow for the year is at its lowest in the last three years, standing at Rs -27.39 crore. This shows a decline in the company's cash revenues from business operations. Furthermore, the Operating Profit (PBDIT) for the quarter is at its lowest in the last five quarters, standing at Rs -0.18 crore. This indicates a negative trend in the near term for the company's operating profit.

Overall, IITL Projects has shown a mixed performance in the recent quarter, with some positive and negative aspects. Investors are advised to carefully analyze the company's financials before making any investment decisions.
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