Ravi Leela Granites' Q1 Financial Results Show Mixed Performance, MarketsMOJO Calls for 'Sell' Rating
Ravi Leela Granites, a microcap company in the mining and minerals industry, has recently announced its financial results for the quarter ending March 2024. The results have been declared on August 14, 2024.
According to MarketsMOJO, a leading stock analysis platform, the stock call for Ravi Leela Granites is 'Sell'. The company's financial performance for the quarter has been flat, with a score of -3 compared to 11 in the previous quarter.
However, there are some positive aspects to Ravi Leela Granites' financials for the quarter ending June 2024. The net sales for the nine-month period have shown a growth of 24.36% year on year, reaching Rs 23.33 crore. The near-term sales trend is also positive for the company.
On the other hand, there are some areas of concern for Ravi Leela Granites based on its financials for the quarter. The profit after tax (PAT) has fallen by -1001.4% compared to the average PAT of the previous four quarters, reaching Rs -2.01 crore. The near-term trend for PAT is very negative. The operating profit (PBDIT) for the quarter is also at its lowest in the last five quarters, standing at Rs -0.98 crore. The near-term trend for operating profit is negative. Similarly, the profit before tax less other income (PBT) for the quarter is also at its lowest in the last five quarters, reaching Rs -2.27 crore. The near-term trend for PBT is negative.
Overall, Ravi Leela Granites has shown a mixed performance in its financials for the quarter ending March 2024. Investors are advised to carefully consider these factors before making any investment decisions.
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