Reliance Communications Reports Mixed Results for Q1 2024, with Positive PBT and Negative PAT.

Reliance Communications, a microcap telecom provider, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Strong Sell' rating by MarketsMOJO.

According to the financial report, Reliance Communications has seen a negative performance in the quarter, with a score of -12, which has improved from -28 in the last three months. However, there are some positive aspects to the company's financials.

The Profit Before Tax less Other Income (PBT) for the quarter was the highest in the last five quarters at Rs 2,047.00 crore. The near-term trend for PBT is also positive. Additionally, the PBT has grown at a rate of 21.3% over the average PBT of the previous four quarters, which was Rs 1,688.00 crore.

On the other hand, there are some areas where Reliance Communications needs to improve. The Profit After Tax (PAT) for the quarter was at its lowest at Rs -38.00 crore, which is a decline of -76.7% over the average PAT of the previous four quarters. The net sales for the quarter were also at their lowest at Rs 92.00 crore, and have been falling each quarter in the last five quarters. The near-term trend for both PAT and net sales is very negative.

The company's earnings per share (EPS) for the quarter were also at their lowest at Rs -7.69, indicating a decline in profitability and lower earnings for shareholders. Overall, the financial results for the quarter ending March 2024 show a mix of positive and negative trends for Reliance Communications.