Step Two Corp. Reports Negative Financial Performance in Q1 2024

May 15 2024 09:45 PM IST
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Step Two Corp. has reported a negative financial performance for the quarter ending March 2024, with a significant decrease in PBT and PAT compared to the previous four quarters. The company's stock has been given a 'Sell' call by MarketsMojo, indicating a decline in profitability and earnings for shareholders. Investors should carefully consider these results before making any investment decisions.

Step Two Corp. has recently announced its financial results for the quarter ending March 2024. According to the data released on May 15, 2024, the company has seen a negative financial performance with a score of -9, a significant decrease from the previous quarter's score of 9.

The company's Profit Before Tax less Other Income (PBT) for the quarter was at Rs -2.45 crore, a sharp decline of 712.5% compared to the average PBT of the previous four quarters, which was Rs 0.40 crore. This indicates a very negative trend in the near term for PBT.

Similarly, the Profit After Tax (PAT) for the quarter was at Rs -1.58 crore, a decrease of 518.5% compared to the average PAT of the previous four quarters, which was Rs 0.38 crore. The Operating Profit (PBDIT) for the quarter was also at its lowest in the last five quarters, at Rs -2.45 crore, indicating a negative trend in the near term.

The company's Earnings per Share (EPS) for the quarter was at its lowest in the last five quarters, at Rs -3.43. This shows a declining profitability and lower earnings for shareholders.

Based on these financial results, MarketsMOJO has given a 'Sell' call for Step Two Corp.'s stock. The company's performance in the quarter ending March 2024 has not been favorable, with negative trends in key financial indicators. Investors may want to carefully consider these results before making any investment decisions.
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