C J Gelatine Reports Positive Financial Results for Q4 2023, But Cash Reserves a Concern

C J Gelatine, a microcap chemical company, has recently announced its financial results for the quarter ending December 2023. The company has shown a positive performance in this quarter, with a score of 7 out of 10, which is an improvement from the previous quarter's score of 0.

One of the key factors contributing to this positive performance is the company's operating profit (PBDIT), which has been the highest in the last five quarters at Rs 0.73 crore. This indicates a positive trend in the near term for the company's operating profit. Additionally, the operating profit margin has also seen an improvement, reaching its highest at 7.66% in the last five quarters, showcasing an increase in the company's efficiency.

Another positive aspect of C J Gelatine's financials is the profit before tax less other income (PBT), which has been the highest in the last five quarters at Rs 0.39 crore. This also indicates a positive trend in the near term for the company's PBT. The profit after tax (PAT) has also seen an increase, reaching its highest at Rs 0.41 crore in the last five quarters, showing a positive trend in the near term for the company's PAT.

However, one area of concern for C J Gelatine is its cash and cash equivalents, which have been the lowest in the last six half-yearly periods at Rs 0.00 crore. This indicates a deterioration in the company's short-term liquidity.

MarketsMOJO has given a 'Strong Sell' call for C J Gelatine's stock, based on its financial performance in the quarter ending December 2023. Investors should carefully consider this information before making any investment decisions.