Uniparts India Reports Negative Financial Results for Q1 2024

May 28 2024 06:10 PM IST
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Uniparts India, a smallcap company in the auto ancillary industry, has reported a negative performance in the quarter ending March 2024, with a score of -10. This is a significant decline from the previous quarter and is mainly attributed to a decrease in Profit Before Tax and Profit After Tax. Investors should closely monitor the company's performance in the future.

Uniparts India, a smallcap company in the auto ancillary industry, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Uniparts India has seen a negative performance in the quarter, with a score of -10, which has improved from -23 in the last three months. This indicates a downward trend in the company's financials.

One of the major factors contributing to this negative performance is the Profit Before Tax (PBT) less Other Income, which has fallen by 18.9% to Rs 34.85 crore compared to the average PBT of the previous four quarters, which was Rs 42.95 crore. This shows a significant decline in the company's near-term PBT trend.

Similarly, the Profit After Tax (PAT) has also seen a decline of 19.0% to Rs 28.63 crore compared to the average PAT of the previous four quarters, which was Rs 35.34 crore. This indicates a negative trend in the company's near-term PAT performance.

Overall, the financial results for the quarter ending March 2024 have not been favorable for Uniparts India. Investors and stakeholders should closely monitor the company's performance in the coming quarters to make informed decisions. This news is for informational purposes only and does not constitute any recommendation or expert opinion.
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