Prerna Infrabuild's Q1 2024 Financial Results Show Mixed Performance, Highest Net Sales in 5 Quarters

Prerna Infrabuild, a microcap real estate company, recently announced its financial results for the quarter ending March 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 no significant changes in the last three months. However, there are some positive aspects to the company's financials.

The net sales for the quarter were the highest in the last five quarters, at Rs 21.41 crore. This indicates a positive trend in the company's sales in the near term. Additionally, the cash and cash equivalents for the half-yearly period were also the highest in the last six periods, at Rs 39.23 crore. This shows an improvement in the company's short-term liquidity.

On the other hand, there are some areas where Prerna Infra. needs to work on. The profit before tax less other income (PBT) for the quarter has fallen by 79.40% year on year, indicating a very negative trend in the near term. Similarly, the profit after tax (PAT) for the half-yearly period has also decreased by 57.74% year on year, showing a negative trend in the near term. The operating profit (PBDIT) for the quarter was the lowest in the last five quarters, and the PBT for the quarter was also the lowest in the last five quarters, both indicating a negative trend.

Moreover, the earnings per share (EPS) for the quarter were the lowest in the last five quarters, showing a decline in profitability and lower earnings for shareholders.

Overall, Prerna Infrabuild's financial performance for the quarter ending March 2024 has been mixed, with some positive and negative aspects. Investors are advised to hold their stock and keep an eye on the company's future financial reports for any significant changes.