Panama Petrochem's Q2 financials show mixed results, with positive sales growth but declining profits
Panama Petrochem, a smallcap company in the lubricants industry, recently announced its financial results for the quarter ending September 2024. According to the report released on November 12, 2024, the company's stock has been given a 'Sell' call by MarketsMOJO.
The financial performance of Panama Petrochem for the second quarter of the fiscal year 2024-25 has remained flat, with a score of -5 compared to 2 in the previous three months. However, there are some positive aspects to the company's performance based on the September 2024 financials.
The net sales for the first half of the year stood at Rs 1,369.69 crore, showing a growth of 24.07% year on year. The near-term sales trend is also positive for the company.
On the other hand, there are some areas where Panama Petrochem needs to improve based on the September 2024 financials. The profit before tax (PBT) less other income for the quarter was Rs 49.85 crore, which is a decrease of -14.3% compared to the average PBT of the previous four quarters. The near-term trend for PBT is very negative.
Similarly, the profit after tax (PAT) for the quarter was Rs 44.09 crore, a decrease of -11.6% compared to the average PAT of the previous four quarters. The near-term trend for PAT is also very negative.
The company's operating cash flow for the year was at its lowest in the last three years, standing at Rs -27.95 crore. This indicates a decline in the company's cash revenues from business operations.
Moreover, the operating profit margin for the quarter was at its lowest in the last five quarters, at 8.35%. This shows a deterioration in the company's efficiency.
Overall, Panama Petrochem's financial performance for the quarter ending September 2024 has been mixed, with some positive and negative aspects. Investors should carefully consider these factors before making any investment decisions.
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