Riddhi Corporate Services Reports Mixed Financial Results for Q1 FY25

Riddhi Corporate Services, a microcap company in the BPO/ITeS industry, recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Strong Sell’ rating by MarketsMOJO.

According to the financial report, Riddhi Corporate has seen a negative performance in the quarter, with a score of -14, which has improved from -15 in the last three months. However, there are some positive aspects to the company’s financials. The net sales for the quarter were the highest in the last five quarters, at Rs 52.09 crore, and the near-term sales trend is positive.

On the other hand, there are some areas that are not working in favor of Riddhi Corporate. The Profit Before Tax less Other Income (PBT) for the quarter has fallen by 90.75% year on year, and the near-term trend for PBT is very negative. Similarly, the Profit After Tax (PAT) for the half-yearly period has also decreased by 51.98% year on year, and the near-term trend for PAT is also negative. The company’s Operating Profit (PBDIT) for the quarter is the lowest in the last five quarters, and the near-term trend is negative. The Operating Profit Margin for the quarter is also the lowest in the last five quarters, indicating a deterioration in the company’s efficiency. Additionally, the company’s Non-Operating Income for the quarter is 84.92% of the PBT, which suggests that the company’s income from non-business activities is high, which may not be a sustainable business model. The Earnings per Share (EPS) for the quarter is also the lowest in the last five quarters, indicating a decline in profitability and lower earnings for shareholders.

Overall, Riddhi Corporate Services has seen a mix of positive and negative trends in its financial performance for the quarter ending June 2024. Investors should carefully consider these factors before making any investment decisions.