Navkar Urbanstructure Reports Negative Financial Performance in Q1 2024

Navkar Urbanstructure, a microcap company in the construction material industry, recently announced its financial results for the quarter ending March 2024. According to the data released on May 29, 2024, the company has seen a negative performance in this quarter.

The company's score has fallen from 21 to -13 in the last three months, indicating a decline in its financial performance. The profit before tax (PBT) has also decreased by 408.6% to -1.79 crore compared to the average PBT of the previous four quarters, which was 0.58 crore. This shows a very negative trend in the near term.

Similarly, the profit after tax (PAT) has fallen by 238.1% to -1.06 crore compared to the average PAT of the previous four quarters, which was 0.77 crore. The net sales for the half-yearly period have also decreased by 29.35% year on year, indicating a negative trend in the near term.

The operating profit (PBDIT) for this quarter is the lowest in the last five quarters at -0.63 crore, showing a negative trend in the near term. The company's earnings per share (EPS) for this quarter is also the lowest in the last five quarters at -0.05, indicating a decline in profitability and lower earnings for shareholders.

Based on these financial results, MarketsMOJO has given a 'Sell' call for Navkar Urbanstructure's stock. The company's performance in this quarter has not been favorable, and it is important for investors to carefully consider their options before making any investment decisions.