Kakatiya Textile's Q1 FY25 Financial Results Show Negative Trend, Receives 'Strong Sell' Rating
Kakatiya Textile, a microcap company in the textile industry, recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Strong Sell’ rating by MarketsMOJO, indicating a negative outlook for investors.
According to the financial report, Kakatiya Textile’s performance for the quarter has been flat, with a score of -3 compared to 0 in the previous quarter. This decline in score is a cause for concern for the company.
The company’s operating profit (PBDIT) for the quarter was at its lowest in the last five quarters, standing at Rs -0.36 crore. This indicates a negative trend in the near term for the company’s operating profit.
Similarly, the profit before tax less other income (PBT) for the quarter was also at its lowest in the last five quarters, at Rs -0.48 crore. This shows a negative trend in the near term for the company’s profitability.
The earnings per share (EPS) for the quarter were also at their lowest in the last five quarters, at Rs -0.78. This indicates a decline in profitability and lower earnings for shareholders.
Overall, the financial results for the quarter ending June 2024 have not been favorable for Kakatiya Textile. Investors are advised to exercise caution and consider the ‘Strong Sell’ rating given by MarketsMOJO before making any investment decisions.
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