Negative trend in financial performance for Apollo Finvest in Q1 2024

Apollo Finvest (India), a microcap finance company, recently announced its financial results for the quarter ended March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO, indicating a negative outlook for the company's performance.

According to the financials, Apollo Finvest has seen a decline in its overall score, falling from -9 to -18 in the last three months. This is a cause for concern as it reflects a negative trend in the company's financial performance.

One of the major factors contributing to this decline is the Profit Before Tax (PBT) less Other Income, which has fallen by 52.3% compared to the average PBT of the previous four quarters. The Profit After Tax (PAT) has also seen a significant decrease of 68.3% compared to the average PAT of the previous four quarters. This indicates a negative trend in the company's near-term profitability.

In terms of sales, Apollo Finvest has reported a decline of 27.27% in its net sales for the half-yearly period. This is a concerning trend for the company's near-term sales performance.

Furthermore, the company's Operating Profit (PBDIT) for the quarter is at its lowest in the last five quarters, indicating a negative trend in its near-term operating profitability. The same can be seen in the PBT, which is also at its lowest in the last five quarters.

The company's Earnings per Share (EPS) for the quarter is also at its lowest in the last five quarters, reflecting a decline in profitability and lower earnings for shareholders.

Overall, the financial results for the quarter ended March 2024 show a negative trend for Apollo Finvest. Investors should carefully consider these factors before making any investment decisions.