MPL Plastics Reports Flat Performance in Q3

MPL Plastics, a microcap company in the plastic products industry, recently announced its financial results for the quarter ended September 2023. The company reported a flat performance for the quarter, with a score of 3 out of 7, compared to its score of 7 in the previous quarter.

According to the financial analysis, MPL Plastics saw a 4.35% growth in standalone net profit quarter-on-quarter, which is a significant improvement from the -105.81% growth in the previous quarter. However, the operating profit (PBDIT) excluding other income saw a decline of 10.00% compared to the 81.31% growth in the previous quarter. The company did not have any interest expenses in the last few periods, and there was no operating profit margin (excluding other income) in the last few periods.

On a positive note, MPL Plastics has shown a strong growth in profit after tax (PAT) for the nine-month period, with a growth of 152.17% year-on-year. The company's PAT trend is very positive, and it has already surpassed its sales from the previous twelve months in the nine-month period. However, the company's operating cash flow has been consistently declining over the last three years, with the lowest at Rs -0.28 crore in the last year.

Despite the mixed financial results, MarketsMOJO has given a 'Sell' call for MPL Plastics' stock. Investors should carefully consider the company's financial performance before making any investment decisions.