MRO-TEK Realty's Q1 2024 Financial Results Show Mixed Performance
MRO-TEK Realty, a microcap IT hardware company, has announced its financial results for the quarter ending March 2024. While net sales have shown a positive trend, profit before tax and after tax have both significantly decreased compared to previous quarters. Increased interest cost and low operating profit also indicate a mixed performance.
MRO-TEK Realty, a microcap IT hardware company, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a "Sell" call by MarketsMOJO.
According to the financials, MRO-TEK Realty's net sales for the half-yearly period have shown a growth of 26.57% year on year, reaching Rs 21.63 crore. This indicates a positive sales trend in the near term.
However, the company's profit before tax less other income (PBT) for the quarter has fallen by 381.6% compared to the average PBT of the previous four quarters, reaching Rs -3.72 crore. This is a very negative trend in the near term. Similarly, the profit after tax (PAT) for the quarter has also fallen by 274.8% compared to the average PAT of the previous four quarters, reaching Rs -2.25 crore. The interest cost for the quarter has also increased by 19.23% compared to the previous quarter, reaching Rs 2.79 crore, indicating increased borrowings.
The operating profit (PBDIT) for the quarter has been the lowest in the last five quarters, reaching Rs -0.27 crore. This shows a negative trend in the near term. The PBT for the quarter has also been the lowest in the last five quarters, reaching Rs -3.72 crore.
Overall, MRO-TEK Realty's financial performance for the quarter ending March 2024 has been flat, with some positive and negative trends. Investors are advised to carefully consider these factors before making any investment decisions.
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