Sparc Electrex Reports Mixed Q1 FY25 Results, Receives 'Strong Sell' Rating from MarketsMOJO

Aug 16 2024 08:53 AM IST
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Sparc Electrex, a microcap IT hardware company, reported a flat performance for the quarter ending June 2024 with a score of 1 out of 10. However, there was an improvement from the previous quarter. The company's operating profit and profit before tax were the highest in the last five quarters, but earnings per share were the lowest. Investors should carefully evaluate the company's financial performance and future prospects before investing.

Sparc Electrex, a microcap IT hardware company, 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, Sparc Electrex’s performance for the quarter was flat, with a score of 1 out of 10. However, this is an improvement from the previous quarter’s score of 0. The company’s operating profit (PBDIT) for the quarter was the highest in the last five quarters at Rs 0.36 crore, indicating a positive trend in the near term.


Similarly, the profit before tax (PBT) less other income for the quarter was also the highest in the last five quarters at Rs 0.21 crore, showing a positive trend in the near term. However, the company’s earnings per share (EPS) for the quarter were the lowest in the last five quarters at Rs -0.09. This indicates a decline in profitability and lower earnings for shareholders.


Despite the mixed financial results, Sparc Electrex remains a microcap company in the IT hardware industry. It is important for investors to carefully consider the company’s financial performance and future prospects before making any investment decisions.


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