Unitech International Reports Negative Performance in Q1 FY25, Receives 'Strong Sell' Rating

Aug 16 2024 09:37 AM IST
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Unitech International, a microcap trading company, has reported a negative performance in the quarter ending March 2024, with a 'Strong Sell' rating from MarketsMojo. The company's PBT and PAT have seen a significant decrease compared to the previous four quarters, resulting in a decline in profitability and EPS. Investors are advised to take caution when considering investing in the company.

Unitech International, a microcap trading company, has recently released 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 decline can be attributed to various factors.


One of the main reasons for the negative performance is the decrease in Profit Before Tax (PBT) less Other Income. The PBT for the quarter was at Rs -5.82 crore, which is a significant decrease of 102.6% compared to the average PBT of the previous four quarters, which was Rs -2.87 crore. This trend is expected to continue in the near term.


Similarly, the Profit After Tax (PAT) for the quarter was at Rs -5.71 crore, a decrease of 103.4% compared to the average PAT of the previous four quarters, which was Rs -2.81 crore. This indicates a declining profitability for the company, resulting in lower earnings for shareholders.


The company’s Earnings per Share (EPS) for the quarter was at its lowest in the last five quarters, at Rs -24.73. This further highlights the declining profitability of the company.


Overall, the financial results for the quarter ending March 2024 show a negative trend for Unitech International. Investors are advised to take note of the ‘Strong Sell’ rating given by MarketsMOJO and carefully consider their investment decisions.


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