Fineotex Chemical's Q2 Financial Results Show Flat Performance, Receives 'Hold' Call from MarketsMOJO
Fineotex Chemical, a smallcap company in the chemicals industry, reported its financial results for the quarter ending September 2024. The company's performance has remained flat, with a decrease in Profit Before Tax (PBT) and an increase in Non-Operating Income. MarketsMojo has advised investors to hold their stock for now.
Fineotex Chemical, a smallcap company in the chemicals industry, recently announced its financial results for the quarter ending September 2024. The results, declared on November 14, 2024, have received a 'Hold' call from MarketsMOJO.
According to the financial report, Fineotex Chem has shown a flat performance in the second quarter of the fiscal year 2024-2025. The company's score has fallen from 3 to -3 in the last three months.
The financials also reveal that the company's Profit Before Tax (PBT) less Other Income has decreased by 6.0% compared to the average PBT of the previous four quarters. The PBT for the quarter was Rs 33.80 crore, while the average PBT for the previous four quarters was Rs 35.94 crore. This indicates a negative trend in the near term.
Additionally, Fineotex Chem's Non-Operating Income for the quarter was the highest in the last five quarters at Rs 6.90 crore. However, experts believe that this increase in income from non-business activities may not be sustainable.
Overall, the financial results for the quarter ending September 2024 show a decline in performance for Fineotex Chemical. MarketsMOJO has advised investors to hold their stock for now.
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