Oriental Trimex Announces Q3 Financial Results
Oriental Trimex, a microcap trading company, reported a decline of 68.75% in net sales but a growth of 166.67% in standalone net profit for the quarter ended September 2023. The company's operating profit also improved by 125.53%. However, its operating cash flow and debtors turnover ratio have been consistently falling, indicating some challenges in its financial performance. Investors are advised to carefully analyze the company's financials before making any investment decisions.
Oriental Trimex, a microcap trading company, has recently announced its financial results for the quarter ended September 2023. The company's net sales for the quarter showed a decline of 68.75% compared to the previous quarter, while its standalone net profit saw a growth of 166.67%. The operating profit (PBDIT) also showed a significant improvement of 125.53% compared to the previous quarter.
Despite the overall flat financial performance, Oriental Trimex has shown positive trends in its operating profit, profit before tax (PBT), and profit after tax (PAT) in the last five quarters. This is reflected in the company's improved score of 1 from -2 in the last three months.
The company's highest operating profit (PBDIT) in the last five quarters was recorded in the September 2023 quarter, indicating a positive trend in the near term. Similarly, the highest profit before tax (PBT) and profit after tax (PAT) were also recorded in the same quarter, showing an increasing profitability for shareholders.
However, Oriental Trimex has also faced some challenges in its financial performance. The company's operating cash flow has been consistently falling in the last three years, with the lowest recorded at Rs -0.62 crore in the last year. Additionally, the debtors turnover ratio has also slowed down in the last five half-yearly periods, indicating a slower pace in settling its debtors.
Overall, Oriental Trimex's financial results for the quarter ended September 2023 show a mix of positive and negative trends. Investors are advised to carefully analyze the company's financial performance before making any investment decisions.
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