Jupiter Infomedia's Q1 Financial Results Show Negative Performance and Non-Business Income Dominance

Jupiter Infomedia, a microcap IT software company, recently announced its financial results for the quarter ending March 2024. According to the report released on May 8, 2024, the company has seen a negative performance in this quarter. This has led to a decrease in its score from 9 to -6 in the last three months.

The company's Profit Before Tax less Other Income (PBT) for the quarter has fallen to -0.74 crore, which is a significant decline of 593.3% compared to the average PBT of the previous four quarters, which was Rs 0.15 crore. This indicates a very negative trend in the near term for PBT.

Jupiter Infomedia's Operating Profit (PBDIT) for the quarter is also at its lowest in the last five quarters, standing at -0.64 crore. This shows a negative trend in the near term for Operating Profit.

The company's Non Operating Income for the quarter is 118.14% of its Profit Before Tax (PBT). This means that a significant portion of the company's income is coming from non-business activities, which may not be a sustainable business model. Additionally, the Non Operating Income for the quarter is at its highest in the last five quarters, standing at Rs 4.82 crore. This increase in income from non-business activities may not be sustainable in the long run.

Based on these financial results, MarketsMOJO has given a 'Sell' call for Jupiter Infomedia's stock. It is important for investors to carefully consider these factors before making any investment decisions.