Ucal's Financial Health Declines in Q1 2024, Revenue and Profitability Hit Hard.

Revenue - Quarterly: At Rs 177.97 cr has Fallen by -1.7 % over average Revenue of the previous four quarters of Rs 181.11 Cr.Company's revenue growth is below average.

According to the financial results declared on May 29, 2024, Ucal, a microcap company in the auto ancillary industry, has seen a negative performance in the quarter ending March 2024. The company's score has fallen from -2 to -12 in the last three months, indicating a decline in its financial health.

One of the major factors contributing to this decline is the company's Profit Before Tax (PBT) less Other Income, which has fallen by 43.2% compared to the average PBT of the previous four quarters. This trend is expected to continue in the near term.

Similarly, the company's Profit After Tax (PAT) has also seen a significant decline of 423.2% compared to the average PAT of the previous four quarters. This is a cause for concern as it indicates a negative trend in the company's profitability.

Another red flag in the financial results is the increase in interest cost, which has grown by 29.07% quarter on quarter. This suggests that the company has taken on more borrowings, which could impact its financial stability.

Moreover, Ucal's ability to manage its interest payments has deteriorated, with the Operating Profit to Interest ratio being the lowest in the last five quarters. The company's Operating Profit (PBDIT) has also seen a decline, further adding to its financial woes.

In terms of revenue, Ucal has seen a decrease of 1.7% compared to the average revenue of the previous four quarters. This indicates a below-average growth in the company's revenue.

Based on these financial results, MarketsMOJO has given a 'Sell' call for Ucal's stock. It is important for investors to carefully consider these factors before making any investment decisions.