Parmax Pharma Reports Negative Financial Results for Q4 2023, MarketsMOJO Issues 'Strong Sell' Call

Feb 15 2024 06:00 PM IST
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Parmax Pharma, a microcap pharmaceutical company, has reported a negative performance in the quarter ending December 2023. The company's Profit Before Tax, Operating Profit, Profit After Tax, and Net Sales have all decreased, indicating a negative trend in the near term. MarketsMojo has given a 'Strong Sell' call for the company's stock.

Parmax Pharma, a microcap pharmaceutical company, has recently announced its financial results for the quarter ending December 2023. The company has seen a negative performance in this quarter, with a score of -18, a significant decrease from 0 in the previous three months.

According to the financial report, the company's Profit Before Tax less Other Income (PBT) for the quarter has fallen to -201.73% Year on Year (YoY), indicating a very negative trend in the near term. The Operating Profit (PBDIT) for the quarter is also at its lowest, with a decrease in each of the last five quarters, showing a negative trend in the near term.

The company's Profit After Tax (PAT) for the quarter is also at its lowest, with a decrease in each of the last five quarters, indicating a very negative trend in the near term. The Net Sales for the half-yearly period have also shown a decline of -27.81% YoY, with a negative trend in the near term.

Furthermore, the company's Earnings per Share (EPS) for the quarter is at its lowest, with a decrease in the last five quarters. This indicates a declining profitability and lower earnings for shareholders.

Based on these financial results, MarketsMOJO has given a 'Strong Sell' call for Parmax Pharma's stock. The company's performance in the quarter ending December 2023 has not been favorable, and investors should be cautious while making any investment decisions.
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