Real Eco-Energy's Q3 Financial Results Decline

Nov 08 2023 12:00 AM IST
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Real Eco-Energy, a microcap real estate company, has reported a 100% decline in net sales for the quarter ended September 2023. However, the standalone net profit has seen an 80% growth, and the operating profit has also shown a positive trend. Despite this, MarketsMojo has given a 'Sell' call for the company's stock.
Real Eco-Energy, a microcap real estate company, has recently declared its financial results for the quarter ended September 2023. The company's net sales have shown a decline of 100% compared to the previous quarter, which was at -93%. However, the standalone net profit has seen a growth of 80% in the same period, as opposed to a decline of 183.33% in the previous quarter.

The operating profit (PBDIT) excluding other income has also shown a positive growth of 75% in the quarter ended September 2023, as compared to a decline of 157.14% in the previous quarter. The company has not incurred any interest expenses in the last few periods, which has contributed to the improvement in its operating profit margin (excluding other income).

Despite these positive numbers, MarketsMOJO has given a 'Sell' call for Real Eco-Energy's stock. The company's quarterly analysis highlights show a flat performance in the quarter, with a score of 0 compared to 3 in the previous quarter. This indicates a decline in the company's financial performance.

Investors and experts are advised to carefully consider these financial results and the 'Sell' call by MarketsMOJO before making any investment decisions related to Real Eco-Energy's stock. The company's future potential and investor interest should not be the sole basis for any investment decisions. This news article is based on factual information and does not contain any recommendations or opinions.
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