Inter State Oil Carrier's Q3 Financial Report Shows Positive Sales Growth, But Decline in Profitability

Inter State Oil Carrier, a microcap logistics company, has recently announced its financial results for the quarter ending December 2023. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, Inter State Oil has shown a positive performance in the quarter, with a score of 7 compared to 22 in the previous quarter. This is a significant improvement in just three months.

One of the key factors contributing to this positive performance is the company's net sales, which have grown by 61.84% year on year, reaching Rs 45.64 crore in the half-yearly period. This indicates a strong sales trend in the near term.

However, there are some areas that need improvement for Inter State Oil. The company's profit after tax (PAT) for the quarter has fallen by -220.4% compared to the average PAT of the previous four quarters. This is a concerning trend for shareholders.

Additionally, the company's earnings per share (EPS) for the quarter are at its lowest in the last five quarters, at Rs -1.71. This shows a decline in profitability and lower earnings for shareholders.

Another area of concern is the company's debtors turnover ratio, which is at its lowest in the last five half-yearly periods. This indicates a slower pace in settling the company's debtors.

Overall, Inter State Oil's financial performance for the quarter ending December 2023 has shown both positive and negative trends. Investors are advised to hold their stock and monitor the company's progress in the upcoming quarters.