C J Gelatine Reports Decline in Q3 Profits

C J Gelatine Products, a microcap chemical company, recently announced its financial results for the quarter ended September 2023. The company's net sales saw a decline of 8.65% compared to the previous quarter, while its standalone net profit also decreased by 226.47%. This has led to a 'Sell' call on the company's stock by MarketsMOJO.

The company's operating profit (PBDIT) excluding other income also saw a negative growth of 119.64% in the quarter, along with a 3.03% increase in interest expenses. This has resulted in a decrease in the operating profit margin (excluding other income) from the previous quarter.

However, C J Gelatine has shown a strong performance in terms of operating cash flow, with the highest annual cash flow of Rs 0.80 crore in the last three years. This indicates that the company has generated higher cash revenues from its business operations.

On the other hand, the company's operating profit (PBDIT) for the quarter was the lowest in the last five quarters, indicating a negative trend in the near term. The operating profit margin and profit before tax (PBT) less other income also saw a decline, along with a decrease in earnings per share (EPS).

Furthermore, the company's cash and cash equivalents for the half-yearly period were at its lowest in the last six periods, indicating a deteriorating short-term liquidity. Overall, C J Gelatine's financial performance for the quarter ended September 2023 has been flat, with some areas showing a negative trend. Investors should carefully consider these factors before making any investment decisions.