Piramal Enterprises Reports Negative Performance in Q4, Receives 'Sell' Call from MarketsMOJO

Piramal Enterprises, a leading finance and NBFC company in the largecap industry, recently announced its financial results for the quarter ending March 2024. However, the news may not be favorable for investors as MarketsMOJO has given a 'Sell' call for the company's stock.

According to the financial report, Piramal Enterprises has seen a negative performance in the quarter, with a score of -11 compared to -6 in the previous quarter. This indicates a decline in the company's financial health.

One of the major factors contributing to this decline is the Profit Before Tax (PBT) less Other Income, which has fallen to -1386.4% over the average PBT of the previous four quarters. This is a significant decrease from Rs 175.42 crore to -Rs 2,256.57 crore. The trend for PBT in the near term is also negative.

Similarly, the Profit After Tax (PAT) has also seen a sharp decline of -450.4% over the average PAT of the previous four quarters. The company's ability to manage interest payments has also deteriorated, with the Operating Profit to Interest ratio at its lowest in the last five quarters.

The Operating Profit (PBDIT) has also seen a decline, with the lowest figure of Rs -366.59 crore in the last five quarters. The Operating Profit Margin has also decreased to -14.82%, indicating a decline in the company's efficiency.

Overall, the financial results for the quarter ending March 2024 do not paint a positive picture for Piramal Enterprises. Investors may want to take note of the negative trends and the 'Sell' call by MarketsMOJO before making any investment decisions.