Promact Impex Announces Q1 Financial Results: Mixed Performance with Growing Cash Flow and Declining Profits

Promact Impex, a microcap company in the packaging industry, has recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Promact Impex has seen a flat performance in the quarter, with a score of -4 compared to 2 in the previous quarter. However, there are some positive aspects to the company's financials. The operating cash flow has been consistently growing over the past three years, with the highest amount of Rs 1.55 crore generated annually. This indicates that the company has been able to generate higher cash revenues from its business operations.

On the other hand, there are some areas of concern for Promact Impex. The profit after tax (PAT) for the quarter has fallen to Rs -0.15 crore, a decline of 600% compared to the same quarter last year. The operating profit (PBDIT) and profit before tax less other income (PBT) have also been at their lowest in the last five quarters, indicating a negative trend in the near term. The earnings per share (EPS) have also declined, creating lower earnings for shareholders.

In addition, the company's cash and cash equivalents have been at their lowest in the last six half-yearly periods, indicating a deteriorating short-term liquidity. However, it is important to note that these financial results are for the quarter ending March 2024 and may not reflect the current state of the company.

Overall, Promact Impex's financial performance for the quarter has been mixed, with some positive and negative aspects. Investors should carefully consider these factors before making any investment decisions.