K Z Leasing & Finance Reports Negative Financial Performance in Q1 2024
K Z Leasing & Finance, a microcap finance company, has reported a negative financial performance for the quarter ending March 2024. The company's PBT, PAT, and EPS have all seen a significant decline compared to the previous four quarters. MarketsMojo has given a 'Sell' call for the company's stock based on these results.
K Z Leasing & Finance, a microcap finance company, has recently declared its financial results for the quarter ending March 2024. According to the data released on May 31, 2024, the company has seen a negative performance in this quarter.
The financial score for K Z Leasing has fallen from 5 to -9 in the last three months, indicating a significant decline in its financial performance. The company's Profit Before Tax (PBT) less Other Income has fallen by 340% to Rs -1.59 crore, compared to the average PBT of the previous four quarters, which was Rs 0.66 crore. This shows a very negative trend in the near term for PBT.
Similarly, the Profit After Tax (PAT) for the quarter has also fallen by 364.6% to Rs -1.64 crore, compared to the average PAT of the previous four quarters, which was Rs 0.62 crore. The Operating Profit (PBDIT) for the quarter is also at its lowest in the last five quarters, at Rs -1.47 crore, indicating a negative trend in the near term.
The company's Earnings per Share (EPS) for the quarter is also at its lowest in the last five quarters, at Rs -5.39. This shows a declining profitability for the company, which may not be favorable for its shareholders.
Based on these financial results, MarketsMOJO has given a 'Sell' call for K Z Leasing's stock. The company's financial performance in the quarter ending March 2024 has not been positive, and it is important for investors to carefully consider these factors before making any investment decisions.
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