Modipon's Q1 FY25 Financial Results Show Decline, Receives 'Sell' Rating from MarketsMOJO
Modipon, a microcap textile company, recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.
According to the financial report, Modipon’s performance has remained flat in the last quarter, with a score of -3 compared to 0 in the previous quarter. This indicates a decline in the company’s financial performance in the last three months.
The company’s operating profit (PBDIT) for the quarter was at its lowest in the last five quarters, standing at Rs -0.19 crore. This shows a negative trend in the near term for Modipon’s operating profit.
Similarly, the profit before tax less other income (PBT) for the quarter was also at its lowest in the last five quarters, at Rs -0.19 crore. This indicates a negative trend in the near term for the company’s PBT.
Modipon’s earnings per share (EPS) for the quarter were also at their lowest in the last five quarters, at Rs -0.16. This shows a decline in profitability and lower earnings for shareholders.
Based on these financial results, MarketsMOJO has given a ‘Sell’ call for Modipon’s stock. The company will need to address these issues and improve its financial performance in order to regain investor confidence.
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