SSPDL Ltd's Q1 2024 Financial Results Show Negative Performance and Declining Profitability

May 23 2024 06:40 PM IST
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SSPDL Ltd, a microcap real estate company, has reported a negative performance in the quarter ended March 2024, with a score of -11 compared to -6 in the previous quarter. The company's Profit Before Tax (PBT) and Profit After Tax (PAT) have both seen significant declines, along with a decrease in Net Sales and Earnings per Share (EPS). Investors are advised to be cautious when considering this stock.

SSPDL Ltd, a microcap real estate company, has recently announced its financial results for the quarter ended March 2024. The company's stock has been given a 'Strong Sell' rating by MarketsMOJO.

According to the financial report, SSPDL Ltd has seen a negative performance in the quarter, with a score of -11 compared to -6 in the previous quarter. This indicates a decline in the company's financial health.

One of the major factors contributing to this decline is the Profit Before Tax (PBT) less Other Income, which has fallen by 62.23% year on year to Rs -3.05 crore. The Profit After Tax (PAT) has also seen a significant decrease of 436.2% year on year, standing at Rs -2.52 crore. This indicates a negative trend in the company's near-term profitability.

Furthermore, the Net Sales for the nine-month period have also shown a decline of 77.07% year on year, standing at Rs 9.74 crore. This indicates a negative trend in the company's sales performance.

In addition, the company's Earnings per Share (EPS) for the quarter is at its lowest in the last five quarters, standing at Rs -1.95. This indicates a declining profitability and lower earnings for shareholders.

Overall, the financial results for the quarter ended March 2024 show a negative trend for SSPDL Ltd. Investors are advised to exercise caution while considering this stock.
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