IRM Energy's Q3 financials show mixed performance, highest net sales in 5 quarters

IRM Energy, a smallcap company in the gas transmission and marketing industry, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financials, IRM Energy has seen a negative performance in the quarter, with a score of -14 compared to -9 in the previous quarter. However, there are some positive aspects to the company's performance. The net sales for the quarter were the highest in the last five quarters at Rs 231.52 crore, and the company has shown a positive sales trend in the near term. Additionally, the dividend payout ratio (DPR) for the year was the highest in the last five years at 7.19%, indicating that the company is distributing a higher proportion of its profits as dividends.

On the other hand, there are some areas of concern for IRM Energy. The profit before tax (PBT) for the quarter has fallen by 43.0% compared to the average PBT of the previous four quarters. The same trend is seen in the profit after tax (PAT), which has fallen by 38.0% compared to the average PAT of the previous four quarters. Furthermore, the company's non-operating income is 43.70% of its PBT, indicating a high reliance on non-business activities for income.

Overall, IRM Energy's financial results for the quarter ending September 2024 show a mixed performance. Investors should carefully consider all aspects before making any investment decisions.