Genus Paper & Boards reports strong growth

Genus Paper & Boards, a microcap company in the paper and paper products industry, has recently announced its financial results for the quarter ended September 2023. The company has reported a growth of 8.87% in net sales compared to the previous quarter, which saw a decline of 20.22%. The consolidated net profit has also shown a significant improvement, with a growth of 490.57% compared to a decline of 523.53% in the previous quarter.

The operating profit (PBDIT) excluding other income has also seen a positive growth of 50.24%, indicating the company's efficient management of its operations. The interest cost has also increased by 1.82%, but this is a much lower growth compared to the previous quarter's decline of 3.75%.

MarketsMOJO has given a 'Hold' call for Genus Paper & Boards' stock, based on its financial performance in the quarter. The company's score has improved from -8 to 23 in the last three months, indicating a very positive trend. The company's operating profit to interest ratio has been consistently improving over the last five quarters, showing its ability to manage interest payments.

The company's profit before tax (PBT) has also shown a significant growth of 182.4% compared to the average PBT of the previous four quarters. The operating profit margin has also improved, reaching its highest at 9.68%. The company's profitability has also increased, with the PAT growing by 193.9% compared to the average of the previous four quarters.

However, the company's interest cost has been on the rise, growing by 120.83% in the nine-month period. This could signify increased borrowings by the company.

Overall, Genus Paper & Boards has shown a very positive financial performance in the quarter ended September 2023. The company's efficiency and profitability have improved, and it has created higher earnings for its shareholders. Investors are advised to hold their positions in the company's stock, as recommended by MarketsMOJO.