Prerna Infrabuild's Q1 2024 Financial Report Shows Mixed Performance, MarketsMOJO Recommends Hold

Prerna Infrabuild, a microcap real estate company, recently announced its financial results for the quarter ending June 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, Prerna Infra. has shown a flat performance in the quarter, with a slight improvement in its score from -2 to -1 in the last 3 months. However, there are some positive and negative aspects to the company's financials.

On the positive side, the company's net sales for the half-yearly period have grown by 56.21% year on year, reaching Rs 24.15 crore. This indicates a strong sales trend in the near term. However, on the negative side, the company's profit after tax (PAT) for the same period has decreased by -52.24% year on year, standing at Rs 2.03 crore. This shows a significant decline in the company's profitability in the near term.

Another concerning aspect is the company's debtors turnover ratio, which is at its lowest in the last five half-yearly periods at 4.29 times. This suggests that the company's pace of settling its debtors has slowed down.

Overall, Prerna Infrabuild's financial performance for the quarter ending June 2024 has been mixed, with some positive and negative trends. Investors are advised to hold their position on the stock, as recommended by MarketsMOJO.