Reliable Ventures India Reports Mixed Q1 Results, PAT and EPS Show Improvement

Reliable Ventures India, a microcap company in the hotel industry, has recently announced its financial results for the quarter ending March 2024. According to the data released on May 30, 2024, the company has seen a flat performance in this quarter. However, there has been a slight improvement in the overall score, which has increased from -3 to 0 in the last three months.

One of the positive aspects of the financial report is the company's Profit After Tax (PAT) for the quarter, which stands at Rs -0.17 crore, the highest in the last five quarters. This shows a positive trend in the near term for the company's profitability. Additionally, the Earnings per Share (EPS) for the quarter is also at its highest in the last five quarters, at Rs -0.15. This indicates that the company has been able to generate higher earnings for its shareholders.

However, there are some areas that need improvement for Reliable Ventures India. The Operating Profit (PBDIT) for the quarter is at its lowest in the last five quarters, standing at Rs -0.30 crore. This shows a negative trend in the near term for the company's operating profit. Similarly, the Profit Before Tax less Other Income (PBT) for the quarter is also at its lowest in the last five quarters, at Rs -0.52 crore. This indicates a negative trend in the near term for the company's PBT.

Based on these financial results, MarketsMOJO has given a 'Sell' call for Reliable Ventures India's stock. Investors should carefully consider these factors before making any investment decisions.