Khadim India's Q1 Financial Results Show Negative Performance, 'Sell' Call by MarketsMOJO

Khadim India, a microcap company in the consumer durables industry, recently announced its financial results for the quarter ending June 2024. The company's performance has been deemed negative by MarketsMOJO, with a 'Sell' call for its stock.

According to the financials, Khadim India's score has improved from -16 to -11 in the last three months. However, there are some concerning factors that have contributed to this negative performance.

One of the major issues highlighted is the company's Profit Before Tax (PBT) which has fallen by 188.41% year on year, standing at -0.61 crore. This trend is expected to continue in the near term. Additionally, the Profit After Tax (PAT) for the half-yearly period has also decreased by 71.72% year on year, with a current value of 1.68 crore. This indicates a negative trend in the company's profitability.

Another concerning factor is the high Non-Operating Income, which accounts for 167.03% of the PBT. This suggests that the company's income from non-business activities is not sustainable in the long run.

Furthermore, the company's Earnings per Share (EPS) for the quarter is at its lowest in the last five quarters, standing at Rs 0.36. This indicates a decline in profitability and lower earnings for shareholders.

Overall, Khadim India's financial performance for the quarter ending June 2024 has been deemed negative, with a 'Sell' call for its stock by MarketsMOJO. Investors should carefully consider these factors before making any investment decisions.