C J Gelatine's Q1 2024 Financial Report Shows Mixed Results, with Positive PAT and EPS but Declining Net Sales

C J Gelatine, a microcap company in the chemicals industry, has recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, C J Gelatine's performance for the quarter has been flat, with a score of 1 out of 5. However, there are some positive aspects to the company's financials. The Profit After Tax (PAT) for the half-yearly period is higher at Rs 0.56 crore compared to the previous 12-month period. This shows that the company has already surpassed its PAT for the previous year in just six months.

Additionally, the company's Earnings per Share (EPS) for the quarter is at its highest in the last five quarters, at Rs 0.10. This indicates that the company has been able to generate higher earnings for its shareholders.

On the other hand, there are some areas of concern for C J Gelatine. The Net Sales for the quarter have fallen by -12.8% compared to the average of the previous four quarters. This shows a negative trend in the company's sales in the near term. Furthermore, the Net Sales for the quarter are at their lowest in the last five quarters, indicating a negative trend in the company's sales.

Overall, C J Gelatine's financial performance for the quarter ending March 2024 has been mixed, with some positive and negative aspects. Investors should carefully consider these factors before making any investment decisions.