CCL International Reports Mixed Financial Results
CCL International, a microcap trading company, reported a decline in net sales and standalone net profit for the quarter ended September 2023. Operating profit and interest expenses also saw a decrease and increase respectively. However, the company's overall financial performance improved from the previous quarter, with a higher profit after tax for the half-yearly period. Net sales for the nine-month period have decreased year on year.
CCL International, a microcap trading company, recently announced its financial results for the quarter ended September 2023. The company's stock has been given a 'Sell' call by MarketsMOJO.According to the quarterly analysis, there has been a decline in net sales by 42.61% compared to the previous quarter, and a decrease in standalone net profit by 100%. The operating profit (PBDIT) excluding other income has also seen a decline of 56.82%. Interest expenses have also increased by 35% compared to the previous quarter.
The operating profit margin (excluding other income) has also fallen from the previous quarter. However, the company's overall financial performance has remained flat in the quarter of September 2023, with a score of -1, showing an improvement from the previous quarter's score of -6.
Despite the flat performance, there are some positive aspects to note from the financial results. The company's profit after tax (PAT) for the half-yearly period is higher at Rs 0.11 crore compared to the preceding 12-month period ended in September 2023, which was at Rs -1.39 crore. This shows a significant improvement in the company's profitability in just six months.
On the other hand, the net sales for the nine-month period have decreased by 24.73% year on year, indicating a negative trend in the company's sales. Overall, CCL International's financial results for the quarter ended September 2023 show a mixed performance, with some positive and negative aspects to consider.
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