Gujarat Petrosynthese's Q1 financials show negative performance, with some positive aspects

Gujarat Petrosynthese, a microcap company in the petrochemical industry, recently announced its financial results for the quarter ending March 2024. According to the report, the company has seen a negative financial performance with a score of -6, a decrease from -4 in the last three months.

Despite this, there are some positive aspects to the company's financials. The Profit After Tax (PAT) for the nine-month period was higher at Rs 1.40 crore compared to the previous 12-month period of Rs 1.07 crore. Additionally, the company has already surpassed its sales from the previous 12 months in just nine months.

However, there are also some areas of concern for Gujarat Petrosynthese. The Net Sales for the half-yearly period have decreased by -37.38% year on year, indicating a negative sales trend in the near term. The Operating Profit (PBDIT) for the quarter was at its lowest in the last five quarters at Rs -0.63 crore, and the Profit Before Tax less Other Income (PBT) was also at its lowest in the last five quarters at Rs -0.71 crore. The company's Earnings per Share (EPS) for the quarter were also at its lowest in the last five quarters at Rs 0.23, showing a decline in profitability and lower earnings for shareholders.

Based on these financial results, MarketsMOJO has given a 'Sell' call for Gujarat Petrosynthese's stock. It is important for investors to carefully consider these financials and make informed decisions about their investments in the company.