Panafic Industri's Q1 2024 Financial Report Shows Mixed Performance, With Some Positive and Negative Aspects

May 31 2024 09:15 PM IST
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Panafic Industrials, a microcap finance company, reported a flat performance in the quarter ending March 2024 with a score of -2. However, the company's PAT for the nine-month period was higher and it has already surpassed its sales from the previous 12 months. On the other hand, the PBDIT and PBT for the quarter were at their lowest in the last five quarters, indicating a negative trend. The EPS for the quarter was also at its lowest, showing a decline in profitability. Investors should carefully consider these factors before making any investment decisions.

Panafic Industrials, a microcap finance company, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Strong Sell' rating by MarketsMOJO.

According to the financial report, Panafic Industri has seen a flat performance in the quarter, with a score of -2 compared to 3 in the previous quarter. However, there are some positive aspects to the company's financials. The Profit After Tax (PAT) for the nine-month period was higher at Rs 0.31 crore compared to the preceding 12-month period of Rs 0.29 crore. Additionally, the company has already surpassed its sales from the previous 12 months in just nine months.

On the other hand, there are some areas of concern for Panafic Industri based on the March 2024 financials. The Operating Profit (PBDIT) for the quarter was at its lowest in the last five quarters at Rs -0.03 crore, indicating a negative trend in the near term. Similarly, the Profit Before Tax less Other Income (PBT) for the quarter was also at its lowest in the last five quarters at Rs -0.03 crore, with a negative trend in the near term. The company's Earnings per Share (EPS) for the quarter was also at its lowest in the last five quarters at Rs -0.00, showing a decline in profitability and lower earnings for shareholders.

Overall, Panafic Industri's financial performance for the quarter ending March 2024 has been mixed, with some positive and negative aspects. Investors should carefully consider these factors before making any investment decisions.
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