Radiant Cash Management Services Reports Decline in Financial Performance for Q1 2024
Radiant Cash Management Services, a microcap IT software company, 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, Radiant Cash has seen a negative performance in the quarter, with a score of -12 compared to -7 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 less Other Income (PBT) which has fallen by 28.6% to Rs 11.36 crore compared to the average PBT of the previous four quarters which was Rs 15.91 crore. The trend for PBT in the near term is also negative.
Similarly, the Profit After Tax (PAT) has also fallen by 30.8% to Rs 8.99 crore compared to the average PAT of the previous four quarters which was Rs 13.00 crore. This indicates a declining trend in the company's profitability.
Moreover, the company's PBT in the last five quarters has been the lowest at Rs 11.36 crore, further highlighting the negative trend in its financial performance.
The Earnings per Share (EPS) for the quarter has also been the lowest at Rs 0.84 in the last five quarters. This indicates a decline in profitability and lower earnings for shareholders.
Overall, the financial results for the quarter ending March 2024 have not been favorable for Radiant Cash Management Services. Investors are advised to take note of these numbers before making any investment decisions.
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