Semac Consultants Reports Significant Decline in Financial Performance for Q1 2024

May 29 2024 06:00 PM IST
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Semac Consultants, a microcap company in the engineering and industrial equipment industry, reported a significant decline in its financial performance for the quarter ending March 2024. The company's net sales, profit before tax, profit after tax, and earnings per share have all seen a sharp decline, indicating a negative trend in the near term.

Semac Consultants, a microcap company in the engineering and industrial equipment industry, recently announced its financial results for the quarter ending March 2024. The results, declared on May 29, have received a "Strong Sell" rating from MarketsMOJO.

According to the financial report, Semac Consultants has seen a significant decline in its performance, with a score of -26 compared to -25 in the previous quarter. This decline can be attributed to several factors.

One of the major factors is the company's net sales, which have fallen by 57.8% to Rs 24.99 crore in the quarter. This is a significant drop from the average net sales of Rs 59.20 crore in the previous four quarters, indicating a very negative trend in the near term.

The company's profit before tax (PBT) has also taken a hit, with a decline of 617.5% to Rs -12.88 crore in the quarter. This is a sharp contrast to the average PBT of Rs -1.80 crore in the previous four quarters, again pointing towards a very negative trend in the near term.

The profit after tax (PAT) for the quarter stands at Rs -16.02 crore, a staggering decline of 4829.2% from the average PAT of Rs -0.33 crore in the previous four quarters. This is the lowest PAT in the last five quarters, with a continuous decline each quarter, indicating a very negative trend in the near term.

The earnings per share (EPS) for the quarter is also at its lowest at Rs -51.35, showing a declining profitability and lower earnings for shareholders. Overall, Semac Consultants has seen a very negative financial performance in the quarter ending March 2024.
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