RTCL's Q3 Financial Results Show Mixed Performance, Operating Cash Flow Decline Raises Concerns
RTCL, a microcap company in the construction and real estate industry, reported flat performance for the quarter ending September 2024, with a score of 3 out of 12. However, the Profit After Tax (PAT) for the nine-month period showed a significant growth of 604.25%. Operating cash flow has been consistently falling in the last three years, which could be a concern for investors.
This could be a cause for concern for investors.RTCL, a microcap company in the construction and real estate industry, recently announced its financial results for the quarter ending September 2024. The results, declared on November 12, 2024, have received a 'Sell' call from MarketsMOJO.
According to the financials, RTCL's performance for the quarter has been flat, with a score of 3 out of 12, a decrease from the previous quarter's score of 12. However, there are some positive aspects to the company's financials. The Profit After Tax (PAT) for the nine-month period has shown a significant growth of 604.25% compared to the same period last year. This trend is a positive sign for the company.
Moreover, the PAT for the nine-month period is higher at Rs 2.28 crore compared to the preceding 12-month period ending in September 2024, which was Rs 0.47 crore. This indicates that the company has already surpassed its sales from the previous year in just nine months.
On the other hand, the company's operating cash flow for the year has been consistently falling in the last three years, with the lowest being Rs -1.14 crore. This could be a cause for concern for investors as it shows a decline in cash revenues from business operations.
Overall, RTCL's financial performance for the quarter has been mixed, with some positive and negative aspects. Investors are advised to carefully analyze the company's financials before making any investment decisions.
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