Omaxe's Q1 financial results show decline in profits and increased borrowing.

Real estate company Omaxe has recently declared its financial results for the quarter ending June 2024. According to MarketsMOJO, the stock call for Omaxe is 'Sell'. The company has seen a negative financial performance in this quarter, with a score of -11 compared to 2 in the previous quarter.

However, there are some positive aspects in Omaxe's financials for this quarter. The Debtors Turnover Ratio for the half yearly period is at its highest in the last five periods, indicating that the company has been able to settle its debtors faster.

On the other hand, there are some concerning factors in Omaxe's financials for this quarter. The Profit Before Tax (PBT) has fallen by 52.2% compared to the average PBT of the previous four quarters. The Profit After Tax (PAT) has also fallen by 46.5% compared to the average PAT of the previous four quarters. The Net Sales have also seen a decline of 15.4% compared to the average of the previous four quarters.

The Debt-Equity Ratio for the half yearly period is at its highest in the last five periods, indicating that the company is borrowing more to fund its operations. The Interest cost has also increased by 10.97% compared to the previous quarter, which signifies increased borrowings. The Operating Profit (PBDIT) for this quarter is at its lowest in the last five quarters, and the Operating Profit Margin has also deteriorated.

The company's profitability has declined, with the lowest Earnings per Share (EPS) in the last five quarters. The Non Operating Income has increased, but it may not be sustainable as it comes from non-business activities.

Overall, Omaxe's financial performance for the quarter ending June 2024 has been negative, with some concerning factors that investors should keep in mind.