Unitech International Reports Disappointing Q1 Results, Receives 'Strong Sell' Rating

May 31 2024 09:15 PM IST
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Unitech International, a microcap trading company, has reported a negative financial performance for the quarter ending March 2024, with a 'Strong Sell' rating by MarketsMojo. The company's PBT less Other Income has fallen by 102.6%, while PAT has declined by 103.4%. EPS is at its lowest in the last five quarters, indicating a negative trend in profitability.

Unitech International, a microcap trading company, has recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Strong Sell' rating by MarketsMOJO.

According to the financial report, Unitech Internat has seen a negative performance in the quarter, with a score of -7 compared to -3 in the previous quarter. This indicates a decline in the company's financial health.

One of the major factors contributing to this decline is the Profit Before Tax (PBT) less Other Income, which has fallen by 102.6% compared to the average of the previous four quarters. This trend is expected to continue in the near term.

Similarly, the Profit After Tax (PAT) has also seen a significant decline of 103.4% compared to the average of the previous four quarters. This indicates a negative trend in the company's profitability.

The company's Earnings per Share (EPS) for the quarter is at its lowest in the last five quarters, at Rs -24.73. This shows a declining trend in the company's ability to generate earnings for its shareholders.

Overall, Unitech International's financial performance for the quarter ending March 2024 has been disappointing, leading to a 'Strong Sell' rating by MarketsMOJO. Investors should carefully consider these factors before making any investment decisions.
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