TV18 Broadcast's Q1 financials show negative performance, receives 'Strong Sell' call from MarketsMOJO

TV18 Broadcast, a midcap company in the TV broadcasting and software industry, has recently declared its financial results for the quarter ending June 2024. The stock has been given a 'Strong Sell' call by MarketsMOJO.

According to the financials, TV18 Broadcast has seen a very negative performance in the quarter, with a score of -20 compared to -12 in the previous quarter. However, there are some positive aspects to the company's financials. The cash and cash equivalents have been the highest in the last six half-yearly periods, indicating an improvement in short-term liquidity. Additionally, the company has been able to settle its debtors faster, as seen in the Debtors Turnover Ratio.

On the other hand, there are some concerning factors in the financials of TV18 Broadcast. The Profit Before Tax (PBT) has fallen by -146.24% year on year, and the Profit After Tax (PAT) has also seen a decline of -206.9% year on year. The interest cost has also increased by 45.71% quarter on quarter, indicating increased borrowings.

Overall, the financial results for the quarter ending June 2024 for TV18 Broadcast have been negative, with a 'Strong Sell' call from MarketsMOJO. However, the company has some positive aspects in terms of cash and debtors, but the declining PBT and PAT, along with rising interest costs, are areas of concern.