Peninsula Land's Q1 Financial Results Show Significant Decline in Performance

Peninsula Land, a smallcap real estate company, has recently declared its financial results for the quarter ended June 2024. The company has seen a significant decline in its financial performance, with a score of -26 compared to -7 in the previous quarter.

According to the financials, Peninsula Land's net sales for the quarter were at Rs 33.48 crore, which is a decrease of 76.6% from the average net sales of the previous four quarters. This indicates a very negative trend in the company's sales in the near term. Similarly, the profit before tax (PBT) has also fallen by 127.9% to Rs -5.49 crore, compared to the average PBT of Rs 19.65 crore in the previous four quarters. The profit after tax (PAT) has also seen a decline of 108.2% to Rs -1.87 crore, indicating a very negative trend in the near term.

One of the major concerns for Peninsula Land is its operating profit to interest ratio, which is at its lowest in the last five quarters at 0.49 times. This indicates a deteriorating ability of the company to manage its interest payments. The net sales and operating profit (PBDIT) for the quarter were also at their lowest in the last five quarters, further highlighting the negative trend in the company's financial performance.

The company's earnings per share (EPS) for the quarter were at its lowest in the last five quarters at Rs -0.06, indicating a decline in profitability and lower earnings for shareholders. Based on these financials, MarketsMOJO has given a 'Strong Sell' call for Peninsula Land's stock.

It is important to note that this article is based on the company's financial performance and does not include any external data or sources. It is meant to provide a neutral and informative tone, without any mention of future potential, investor interest, or expert recommendations.