Karma Energy Ltd's Q3 Financial Results Receive 'Strong Sell' Rating from MarketsMOJO
Karma Energy Ltd, a microcap company in the power generation and distribution industry, has reported a negative performance in the quarter ending September 2024. The company's financial results show a decline in Profit Before Tax and Profit After Tax, as well as a decrease in sales. MarketsMojo has given a 'Strong Sell' call for the company.
Karma Energy Ltd, a microcap company in the power generation and distribution industry, recently announced its financial results for the quarter ending September 2024. The results, declared on November 12, 2024, have received a 'Strong Sell' call from MarketsMOJO.
According to the financials, Karma Energy Ltd has seen a negative performance in the quarter, with a score of -13, a significant decrease from -4 in the previous quarter. This decline can be attributed to various factors.
One of the major factors affecting the company's performance is the Profit Before Tax less Other Income (PBT) which has fallen by 51.75% year on year, standing at Rs 1.65 crore. The near-term trend for PBT is also negative. Similarly, the Profit After Tax (PAT) has also seen a decline of 33.1% year on year, with a current value of Rs 1.72 crore. The near-term trend for PAT is also negative.
In terms of sales, the company has seen a decrease of 30.55% year on year, with a net sales value of Rs 6.82 crore in the first half of the year. The near-term trend for sales is also negative.
Based on these financials, MarketsMOJO has given a 'Strong Sell' call for Karma Energy Ltd. Investors and stakeholders should take note of the company's negative performance and make informed decisions.
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