Kama Holdings' Financial Performance Shows Significant Decline in Q4 2023.
Kama Holdings, a midcap finance company, has reported a significant decline in its financial performance for the quarter ending December 2023. The company's profit before tax and after tax have decreased by -47.10% and -52.4% respectively, while net sales have fallen by -12.20%. The operating profit margin, net sales, and operating profit have also reached their lowest in the last five quarters. The company's earnings per share have decreased and the debt-equity ratio has reached its highest, indicating potential liquidity issues. MarketsMojo has given a 'Strong Sell' call for the company's stock.
Kama Holdings, a midcap finance company, recently declared its financial results for the quarter ending December 2023. The company has seen a significant decline in its financial performance, with a score of -21 compared to -16 in the previous quarter.
The profit before tax (PBT) less other income has fallen by -47.10% year on year, indicating a very negative trend in the near term. Similarly, the profit after tax (PAT) has also decreased by -52.4% year on year, with a very negative trend in the near term. The net sales have also fallen by -12.20% year on year, with a very negative trend in the near term.
The operating profit margin has reached its lowest at 18.75% and has been declining each quarter in the last five quarters, indicating a deterioration in the company's efficiency. The net sales have also reached its lowest at Rs 3,075.83 crore in the last five quarters, with a negative trend in the near term. The operating profit (PBDIT) has also reached its lowest at Rs 576.74 crore in the last five quarters, with a negative trend in the near term.
The company's earnings per share (EPS) have also decreased to its lowest at Rs 40.25 in the last five quarters, indicating a declining profitability and lower earnings for shareholders. Additionally, the debt-equity ratio has reached its highest at 0.82 times in the last five half-yearly periods, suggesting that the company is borrowing more to fund its operations and may face liquidity issues.
MarketsMOJO has given a 'Strong Sell' call for Kama Holdings' stock, based on its negative financial performance in the quarter ending December 2023. Investors should carefully consider these financials before making any investment decisions.
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