Sanmit Infra Reports Positive Financial Results, MarketsMOJO Gives 'Sell' Call

Sanmit Infra, a microcap company in the construction and real estate industry, has recently announced its financial results for the quarter ending December 2023. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Sanmit Infra has shown positive performance in the quarter, with a score of 8 out of 10, compared to 0 in the previous quarter. This improvement can be attributed to the growth in Profit Before Tax (PBT) and Profit After Tax (PAT). PBT has increased by 102.7% to Rs 3.34 crore, while PAT has grown by 97.9% to Rs 2.36 crore, compared to the average of the previous four quarters.

The company's Operating Profit Margin has also seen a significant improvement, reaching a high of 19.42% in the last five quarters. This indicates an increase in efficiency for Sanmit Infra.

However, the company's Net Sales have fallen by -30.3% to Rs 21.68 crore, compared to the average of the previous four quarters. This shows a negative trend in sales for the near term.

Despite the positive financial performance, MarketsMOJO has given a 'Sell' call for Sanmit Infra's stock. Investors should carefully consider all the information before making any investment decisions.