Thinkink Picturez Reports Negative Financial Results for Q1 2024, MarketsMOJO Gives 'Strong Sell' Call

Thinkink Picturez, a microcap company in the films and entertainment industry, has recently announced its financial results for the quarter ending March 2024. According to the report released on May 31, 2024, the company has seen a negative performance in this quarter.

The company's score has fallen from 10 to -11 in the last three months, indicating a decline in its financial health. The Profit Before Tax (PBT) has also decreased by 188.11% year on year, standing at Rs -2.15 crore. This trend is expected to continue in the near term.

Similarly, the Profit After Tax (PAT) has also fallen by 231.9% year on year, with a quarterly figure of Rs -1.24 crore. The company's Net Sales for the nine-month period have also shown a decline of 60.37% year on year, standing at Rs 9.50 crore. This indicates a negative trend in the company's sales performance.

In terms of operating profit, Thinkink Picturez has recorded its lowest figure in the last five quarters, standing at Rs -2.10 crore. The PBT has also shown a similar trend, with the lowest figure of Rs -2.15 crore in the last five quarters.

The company's earnings per share (EPS) have also decreased, with the lowest figure of Rs -0.42 in the last five quarters. This indicates a decline in profitability and lower earnings for shareholders.

Based on these financial results, MarketsMOJO has given a 'Strong Sell' call for Thinkink Picturez's stock. The company's financial performance in the quarter ending March 2024 has not been favorable, and the near-term trend is expected to remain negative. Investors are advised to carefully consider these factors before making any investment decisions.