Lykis Reports Negative Financial Results for Q1 2024, Receives 'Sell' Rating from MarketsMOJO

Lykis, a microcap company in the tea/coffee industry, recently announced its financial results for the quarter ending March 2024. According to the report released on May 13, 2024, the company's stock has been given a 'Sell' call by MarketsMOJO.

The financial performance of Lykis for the quarter has been negative, with a score of -16 compared to -6 in the previous quarter. This indicates a decline in the company's overall performance in the last three months.

One of the major factors contributing to this negative performance is the Profit Before Tax less Other Income (PBT) for the quarter, which has fallen to -179.9% from an average of Rs 2.65 crore in the previous four quarters. This shows a significant decline in the company's near-term PBT trend.

Similarly, the Profit After Tax (PAT) for the quarter has also fallen by -129.4% compared to the average PAT of the previous four quarters. This indicates a negative trend in the company's near-term PAT.

Another concerning factor is the company's ability to manage interest payments, as seen in the Operating Profit to Interest ratio, which is at its lowest in the last five quarters. This shows a deterioration in the company's ability to handle its interest payments.

The Operating Profit (PBDIT) for the quarter is also at its lowest in the last five quarters, indicating a negative trend in the company's near-term operating profit.

Furthermore, the Operating Profit Margin for the quarter is also at its lowest in the last five quarters, showing a decline in the company's efficiency.

Overall, Lykis has shown a negative trend in its financial performance for the quarter ending March 2024. The company's profitability has declined, and it has created lower earnings for its shareholders. Based on these factors, MarketsMOJO has given a 'Sell' call for Lykis stock.