Palash Securities Reports Negative Performance in Q1 FY25, Receives 'Sell' Rating from MarketsMOJO
Palash Securities, a microcap finance 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 financial report, Palash Securities has seen a negative performance in the quarter, with a score of -11, which has improved from -12 in the last 3 months. This indicates that the company’s financials have not been performing well.
One of the major factors contributing to this negative performance is the decline in net sales. In the last quarter, the company’s net sales were at Rs 9.53 crore, which is a decrease of 10.77% compared to the same quarter last year. This trend is expected to continue in the near term.
Additionally, Palash Securities’ profit after tax (PAT) for the half-yearly period has also shown a decline. The company’s PAT for the first half of the year was at Rs -5.60 crore, which is a decrease of 20.21% compared to the same period last year. This indicates a negative trend in the company’s profitability in the near term.
Overall, based on the financial results for the quarter ending March 2024, Palash Securities has not been performing well. Investors should take note of the negative trends in net sales and PAT and consider the ‘Sell’ call given by MarketsMOJO before making any investment decisions.
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