Agarwal Industrial Corporation Reports Negative Q2 Results, Interest Costs and Sales Decline

Nov 14 2024 07:53 PM IST
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Agarwal Industrial Corporation, a smallcap petrochemical company, reported negative financial results for the quarter ending September 2024. The company's score has fallen from -5 to -9 in the last three months, with rising interest costs and a -40.9% decrease in net sales. Profit before and after tax also saw significant declines. Investors are advised to hold their stock and monitor future reports closely.

Agarwal Industrial Corporation, a smallcap company in the petrochemical industry, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, Agarwal Industrial Corporation has seen a negative performance in the second quarter of the fiscal year 2024-2025. The company's score has fallen from -5 to -9 in the last three months.

One of the major factors contributing to this decline is the rising interest cost, which has grown by 84.82% over the preceding nine months period. This indicates an increase in borrowings for the company. Additionally, the net sales for the quarter have fallen by -40.9% compared to the average net sales of the previous four quarters. This suggests a negative trend in the company's sales performance.

The profit before tax (PBT) has also seen a significant decline of -44.8% compared to the average PBT of the previous four quarters. Similarly, the profit after tax (PAT) has fallen by -38.9% compared to the average PAT of the previous four quarters. This indicates a negative trend in the company's profitability.

Furthermore, the operating profit to interest ratio for the quarter is at its lowest in the last five quarters, indicating a deteriorating ability of the company to manage its interest payments.

Overall, Agarwal Industrial Corporation's financial performance for the quarter ending September 2024 has been negative. Investors are advised to hold their stock and closely monitor the company's future financial reports.
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