Karma Energy Ltd's Q1 Financial Results Show Decline, Receives 'Sell' Call from MarketsMOJO

May 28 2024 06:00 PM IST
share
Share Via
Karma Energy Ltd, a microcap company in the power industry, reported a flat performance for the quarter ending March 2024 with a score of -3 compared to 1 in the previous quarter. The company's operating profit and earnings per share have also declined, leading to a 'Sell' call by MarketsMojo.

Karma Energy Ltd, a microcap company in the power industry, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO, a leading financial analysis firm.

According to the financial report, Karma Energy's performance for the quarter has been flat, with a score of -3 compared to 1 in the previous quarter. This indicates a decline in the company's financial health in the last three months.

One of the major factors contributing to this decline is the company's operating profit (PBDIT), which has been the lowest in the last five quarters at Rs -2.47 crore. This is a cause for concern as the near-term trend for operating profit is negative. Similarly, the profit before tax less other income (PBT) has also been the lowest in the last five quarters at Rs -3.20 crore, with a negative trend in the near term.

The company's earnings per share (EPS) have also taken a hit, with the lowest value of Rs -1.50 in the last five quarters. This indicates a decline in profitability and lower earnings for shareholders.

Overall, the financial results for the quarter ending March 2024 have not been favorable for Karma Energy Ltd. Investors are advised to take note of the company's declining financial performance and the 'Sell' call given by MarketsMOJO before making any investment decisions.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News