Landmark Cars' Financial Performance Declines, Stock Call is 'Sell' According to MarketsMOJO

Landmark Cars, a smallcap company in the auto ancillary industry, recently declared its financial results for the quarter ending September 2024. However, the news is not positive as the company has seen a significant decline in its financial performance.

According to MarketsMOJO, a leading stock analysis platform, the stock call for Landmark Cars is 'Sell'. This is based on the company's financials for the quarter, which show a decrease in key metrics.

The Profit Before Tax (PBT) for the quarter has fallen by 90.3% to Rs 1.38 crore, compared to the average PBT of the previous four quarters at Rs 14.24 crore. Similarly, the Profit After Tax (PAT) has also decreased by 81.0% to Rs 2.52 crore, compared to the average PAT of the previous four quarters at Rs 13.25 crore.

The company's ability to manage interest payments has also deteriorated, with the Operating Profit to Interest ratio at its lowest in the last five quarters. The interest cost has also increased by 17.47% quarter-on-quarter, indicating increased borrowings.

Moreover, the PAT has been declining each quarter in the last five quarters, and the company's earnings per share (EPS) for the quarter is at its lowest at Rs -0.00. This shows a declining profitability and lower earnings for shareholders.

The company's income from non-business activities is also high, at 66.99% of the PBT. This may not be a sustainable business model in the long run. Additionally, the non-operating income for the quarter is at its highest in the last five quarters, which may not be sustainable.

Overall, the financial results for the quarter ending September 2024 for Landmark Cars are not positive, and the company's stock call is 'Sell' according to MarketsMOJO. Investors should carefully consider these factors before making any investment decisions.