Lakshmi Electrical Control Systems Reports Negative Financial Results for Q1 2024

Lakshmi Electrical Control Systems, a microcap company in the capital goods industry, recently announced its financial results for the quarter ending March 2024. The results, declared on August 9, 2024, have received a "Strong Sell" rating from MarketsMOJO.

The company's financial performance for the quarter has been negative, with a score of -19 compared to -16 in the previous quarter. However, there are some positive aspects to the financials that are worth noting.

One of the strengths of Lakshmi Electrical Control Systems is its strong operating cash flow, which has been consistently growing over the past three years. The company has also been able to settle its debtors faster, as seen in the half-yearly debtors turnover ratio, which has been increasing over the past five half-yearly periods.

On the other hand, there are some areas of concern in the financials. The net sales for the quarter have fallen by -44.58% year on year, indicating a negative trend in the company's sales. The profit before tax less other income has also seen a significant decline of -96.41% year on year, and the net profit after tax has also decreased by -65.14% year on year.

In addition, the company's operating profit, operating profit margin, and profit before tax less other income have all hit their lowest points in the last five quarters, indicating a negative trend in the company's efficiency and profitability. The non-operating income, which is 86.05% of the profit before tax, also raises concerns about the sustainability of the company's business model.

Furthermore, the earnings per share for the quarter have also decreased, indicating a decline in profitability and lower returns for shareholders.

Overall, Lakshmi Electrical Control Systems' financial performance for the quarter ending March 2024 has been negative, with some strengths and weaknesses. Investors should carefully consider these factors before making any investment decisions.