Jayshree Chemicals Reports Strong Sales Growth, But Declining EPS Raises Concerns

Jayshree Chemicals, a microcap company in the chemicals industry, has recently announced its financial results for the quarter ended December 2023. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Jayshree Chemicals has shown positive performance in the quarter, with a score of 8 out of 15. This is an improvement from the previous quarter's score of 15. The company's net sales for the half-yearly period have grown by 65.87% year on year, reaching Rs 6.90 crore. This indicates a strong sales trend in the near term.

Moreover, the company's profit after tax (PAT) for the nine-month period is higher at Rs 0.22 crore compared to the previous 12-month period ended December 2023, which was Rs 0.03 crore. This shows that the company has already surpassed its sales from the previous year in just nine months.

However, the company's earnings per share (EPS) for the quarter have declined to Rs -0.06, the lowest in the last five quarters. This indicates a decrease in profitability and lower earnings for shareholders.

Overall, Jayshree Chemicals has shown positive growth in terms of sales and profit, but the declining EPS may be a cause for concern. Investors are advised to carefully consider the company's financial performance before making any investment decisions.