Intellivate Capital Ventures Reports Mixed Financial Results, MarketsMOJO Gives 'Strong Sell' Call

Intellivate Capital Ventures, a microcap finance company, recently announced its financial results for the quarter ending March 2024. According to the report, the company's performance has remained flat with a score of -1, a significant decrease from the previous quarter's score of 18.

Despite this, there are some positive aspects to Intellivate Capi's financials. The company's net sales for the half-yearly period have grown by 24.81% year on year, reaching Rs 75.30 crore. The near-term sales trend also appears to be positive.

However, there are some concerning factors as well. The company's profit before tax less other income (PBT) for the quarter has fallen by -159.1% compared to the average PBT of the previous four quarters. The near-term trend for PBT is also very negative. Additionally, the operating profit (PBDIT) for the quarter is at its lowest in the last five quarters, and the operating profit margin has also decreased, indicating a decline in the company's efficiency.

Furthermore, the non-operating income for the quarter is 227.61% of the PBT, which suggests that the company's income from non-business activities is high and not sustainable in the long run. The earnings per share (EPS) for the quarter are also at its lowest in the last five quarters, indicating a decline in profitability and lower earnings for shareholders.

Based on these financial results, MarketsMOJO has given a 'Strong Sell' call for Intellivate Capi's stock. Investors should carefully consider these factors before making any investment decisions.