MPDL Ltd's Financial Performance Shows Negative Trend, MarketsMOJO Advises Caution

May 30 2024 09:35 PM IST
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MPDL Ltd, a microcap company in the sugar industry, has reported a flat performance in its financial results for the quarter ending March 2024. The company's PBT and PAT have decreased by 204.70% and 232.2% respectively, indicating a negative trend in near-term profitability. MarketsMojo has given a 'Sell' call for the company's stock.

MPDL Ltd, a microcap company in the sugar industry, has recently declared its financial results for the quarter ending March 2024. According to the report, the company's performance has remained flat, with a score of -5 compared to 7 in the previous quarter.

The company's Profit Before Tax (PBT) has decreased by 204.70% year on year, standing at -Rs 3.34 crore. Similarly, the Profit After Tax (PAT) has also fallen by 232.2% year on year, at -Rs 2.53 crore. This indicates a negative trend in the company's near-term profitability.

Moreover, MPDL Ltd's Operating Profit (PBDIT) for the quarter is at its lowest in the last five quarters, standing at -Rs 3.10 crore. The company's PBT has also hit a low of -Rs 3.34 crore, showing a negative trend in the near term.

The company's Earnings per Share (EPS) for the quarter is at its lowest in the last five quarters, at -Rs 3.41. This decline in profitability may not be favorable for shareholders.

MarketsMOJO has given a 'Sell' call for MPDL Ltd's stock, based on its financial performance in the quarter ending March 2024. The company's financials show a negative trend, and it is advised to proceed with caution while investing in MPDL Ltd.
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