Kaya Ltd's Q1 Financial Report Shows Mixed Results, Investors Urged to Analyze Carefully

Kaya Ltd, a microcap company in the lifestyle industry, has recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Kaya Ltd has seen a negative performance in the quarter, with a score of -11, which has improved from -14 in the previous three months. However, there are some positive aspects to the company's financials.

The company's Profit After Tax (PAT) for the quarter was the highest in the last five quarters at Rs -5.75 crore, showing a positive trend in the near term. Similarly, the Earnings per Share (EPS) for the quarter was also the highest in the last five quarters at Rs 78.62, indicating an increase in profitability and higher earnings for shareholders.

On the other hand, there are some areas of concern for Kaya Ltd based on its financials. The Net Sales for the quarter were at Rs 61.04 crore, showing a significant decline of -42.25% Year on Year (YoY). The company's Profit Before Tax less Other Income (PBT) for the quarter was also at its lowest in the last five quarters at Rs -127.59 crore, with a negative trend in the near term. Additionally, the Debt-Equity Ratio for the half-yearly period was at its highest in the last five periods, indicating that the company is borrowing more to fund its operations and may face liquidity issues.

Moreover, the Net Sales for the quarter were also at its lowest in the last five quarters, and the Non-Operating Income was at its highest. However, this increase in income from non-business activities may not be sustainable.

Overall, Kaya Ltd's financial performance for the quarter ending March 2024 has been mixed, with some positive and negative aspects. Investors are advised to carefully analyze the company's financials before making any investment decisions.