Landmark Cars' Q1 Financial Results Show Decline, Receives 'Strong Sell' Rating

Landmark Cars, a smallcap company in the auto ancillary industry, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Strong Sell' rating by MarketsMOJO.

According to the financial report, Landmark Cars has experienced a negative performance in the quarter, with a score of -14 compared to -2 in the previous three months. This decline can be attributed to several factors.

One of the major concerns for the company is its Profit Before Tax (PBT) which has fallen by 34.6% to Rs 12.74 crore from an average of Rs 19.49 crore in the previous four quarters. This trend is expected to continue in the near term. Similarly, the Profit After Tax (PAT) has also seen a significant decline of 42.1% to Rs 10.58 crore from an average of Rs 18.27 crore in the previous four quarters.

Another red flag for Landmark Cars is its interest cost, which has increased by 20.91% in the nine-month period. This indicates that the company has taken on more borrowings, which could have a negative impact on its financial health.

Moreover, the company's operating profit margin for the quarter is at its lowest in the last five quarters, standing at 6.19%. This suggests a decline in the company's efficiency.

Overall, the financial results for the quarter ending March 2024 have not been favorable for Landmark Cars. Investors are advised to exercise caution and consider the company's performance before making any investment decisions.