Chembond Chemicals Reports Strong Q3 Performance

Chembond Chemicals, a leading player in the chemicals industry, has recently declared its financial results for the quarter ended September 2023. The company has shown a strong performance with a 1.34% growth in net sales and a significant 76.26% growth in consolidated net profit compared to the previous quarter.

According to MarketsMOJO, a leading stock analysis platform, Chembond Chemicals' stock call is 'Buy', indicating a positive outlook for the company. The quarterly analysis highlights also show positive growth in operating profit, interest, and operating profit margin, indicating improved efficiency and profitability for the company.

The company's profit after tax (PAT) has grown by 76.7% over the average of the previous four quarters, and the operating profit (PBDIT) has reached its highest in the last five quarters. The earnings per share (EPS) have also increased, creating higher earnings for shareholders.

Chembond Chemicals has also shown a strong cash position with the highest cash and cash equivalents in the last six half-yearly periods. The company has also been distributing a higher proportion of profits as dividends, with a dividend payout ratio of 101.90% in the last five years.

However, the company's non-operating income, which is 42.53% of the profit before tax, is a cause for concern. The company's income from non-business activities is high, which may not be a sustainable business model.

Overall, Chembond Chemicals has shown a very positive financial performance in the quarter ended September 2023, with strong growth in key areas. Investors can take note of the company's positive outlook and consider adding it to their portfolio.