India Gelatine & Chemicals Reports Negative Financial Results for Q1 FY25
India Gelatine & Chemicals, a microcap company in the chemicals industry, recently announced its financial results for the quarter ending March 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.
According to the financial report, India Gelatine has seen a negative performance in the quarter, with a score of -13 compared to -10 in the previous quarter. This decline can be attributed to several factors.
One of the major concerns is the company’s Profit Before Tax (PBT) less Other Income, which has fallen by 40.2% compared to the average of the previous four quarters. This indicates a negative trend in the near term. Similarly, the Profit After Tax (PAT) for the half-yearly period has also decreased by 48.01% year on year, showing a negative trend in the near future.
The company’s Operating Profit (PBDIT) for the quarter is at its lowest in the last five quarters, and has been declining each quarter. This indicates a negative trend in the near term. The Operating Profit Margin for the quarter is also at its lowest in the last five quarters, showing a deterioration in the company’s efficiency.
Moreover, the company’s Non-Operating Income is 34.83% of its Profit Before Tax, which is a high percentage. This suggests that the company’s income from non-business activities is significant, which may not be a sustainable business model.
In conclusion, India Gelatine & Chemicals has reported negative financial results for the quarter ending March 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO, indicating caution for investors.
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