Mac Charles (India) Reports Negative Performance in Q1 FY25, Cash Reserves Show Improvement

Mac Charles (India) has recently declared its financial results for the quarter ending June 2024. The company, which operates in the hotel industry, has been classified as a microcap company. According to the financial data, the company has seen a negative performance in the quarter, with a score of -10 compared to -5 in the previous quarter.

Despite this, there are some positive aspects to Mac Charles (India)’s financials. The company’s cash and cash equivalents have shown a consistent increase over the last six half-yearly periods, reaching a high of Rs 338.04 crore. This indicates an improvement in short-term liquidity.

However, there are also some areas of concern for the company. The profit before tax (PBT) less other income has fallen by 55.05% year on year, reaching a low of Rs -27.49 crore in the quarter. The profit after tax (PAT) has also seen a significant decline of 115.1% year on year, reaching Rs -22.89 crore. This trend of declining profitability is reflected in the company’s earnings per share (EPS), which has reached a low of Rs -17.47 in the last five quarters.

Based on these financial results, MarketsMOJO has given a ‘Sell’ call for Mac Charles (India) stock. The company’s near-term PBT trend is negative, and it has created lower earnings for shareholders. However, it is important to note that this is a fact-based analysis and does not include any external data or opinions from investors or experts.