IITL Projects Reports Strong Financial Performance in Q1 FY25 Despite 'Sell' Call from MarketsMOJO

IITL Projects, a microcap real estate company, has recently announced its financial results for the quarter ended March 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.

Despite the negative sentiment from MarketsMOJO, IITL Projects has shown positive financial performance in the quarter. The company’s score has fallen from 13 to 10 in the last 3 months, indicating a strong improvement.

One of the key highlights of the financial results is the significant growth in Profit After Tax (PAT) for the half-year period. The company has recorded a PAT of Rs 2.55 crore, which is a 153.13% increase from the previous year. This trend is expected to continue as the company has already surpassed its PAT for the entire previous year in just half a year.

Another positive aspect of the financials is the Inventory Turnover Ratio, which is at its highest in the last five half-yearly periods. This indicates that the company has been able to sell its inventory at a faster rate. Additionally, the company’s Cash and Cash Equivalents have also increased to Rs 30.87 crore, showing an improvement in short-term liquidity.

Furthermore, IITL Projects has also been able to settle its Debtors at a faster rate, with the Debtors Turnover Ratio at its highest in the last five half-yearly periods.

Overall, IITL Projects has shown strong financial performance in the quarter ended March 2024, with positive trends in key areas such as PAT, Inventory Turnover Ratio, and Debtors Turnover Ratio. This is a promising sign for the microcap real estate company and its investors.