Radhe Developers (India) Reports Negative Financial Results for Q1 2024
Radhe Developers (India), a microcap real estate company, recently announced its financial results for the quarter ending March 2024. According to the report released on May 30, 2024, the company's stock has been given a 'Strong Sell' rating by MarketsMOJO.
The financial performance of Radhe Developers for the quarter has been negative, with a score of -6 compared to 0 in the previous quarter. This decline can be attributed to various factors, as seen in the March 2024 financials.
One of the major areas of concern for the company is its net sales, which have decreased by 51.15% year on year, standing at Rs 5.51 crore. The near-term sales trend is also negative, indicating a potential struggle for the company in the coming months.
Similarly, the company's Profit After Tax (PAT) has also seen a decline of 51.15% year on year, with a reported loss of Rs -4.09 crore. This negative trend in PAT is also reflected in the near-term performance of the company.
Overall, the financial results for the quarter ending March 2024 have not been favorable for Radhe Developers (India). Investors and stakeholders should closely monitor the company's performance in the coming months to make informed decisions.
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