Satchmo Holdings Announces Q1 Financial Results, Receives Strong Sell Rating from MarketsMOJO

Satchmo Holdings, a microcap real estate company, recently announced its financial results for the quarter ending March 2024. The results, declared on August 2nd, have received a "Strong Sell" rating from MarketsMOJO.

Despite a negative financial performance in the quarter, Satchmo Holdings has shown improvement with a score of -15, up from -22 in the last three months. The company's operating cash flow has been consistently strong, with an annual high of Rs 33.52 crore and growth each year for the past three years. This indicates that the company has been able to generate higher cash revenues from its business operations.

In terms of operating profit, Satchmo Holdings has shown a positive trend in the near term, with a quarterly high of Rs -3.90 crore in the last five quarters. Similarly, the company's profit before tax less other income has also shown a positive trend in the near term, with a quarterly high of Rs -3.93 crore in the last five quarters.

However, there are some areas that are not performing well for Satchmo Holdings. The company's net sales for the half-yearly period have shown a significant decline of -88.65% year on year, indicating a very negative sales trend in the near term. Additionally, the company's profit after tax for the quarter has fallen by -179.2% compared to the average of the previous four quarters, which was Rs 3.98 crore. This shows a very negative trend in the near term for the company's profit after tax.

Furthermore, Satchmo Holdings' cash and cash equivalents for the half-yearly period have reached a low of Rs 0.56 crore, indicating a deteriorating short-term liquidity situation. Despite these challenges, Satchmo Holdings remains committed to improving its financial performance and will continue to work towards achieving positive results in the future.