Polychem Reports Positive Financial Performance in Q1 2024, Key Indicators Show Growth
Polychem, a microcap chemical company, has reported a positive financial performance in the first quarter of 2024. Its PBT has increased by 301.72% year on year and operating profit margin has reached its highest in five quarters. Net sales, PBDIT, PBT, PAT, and EPS have also shown a positive trend.
Polychem, a microcap chemical company, has recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.According to the financial report, Polychem has shown a positive performance in the first quarter of 2024. The company's score has improved from 1 to 12 in the last three months, indicating a significant growth.
One of the key factors contributing to this growth is the Profit Before Tax less Other Income (PBT) which has seen a 301.72% increase year on year. The company's operating profit margin has also shown a positive trend, reaching its highest at 17.64% in the last five quarters. This indicates an improvement in the company's efficiency.
Polychem's net sales have also seen a positive trend, reaching its highest at Rs 14.85 crore in the last five quarters. The company's operating profit (PBDIT) has also shown a positive trend, reaching its highest at Rs 2.62 crore. The Profit Before Tax less Other Income (PBT) and Profit After Tax (PAT) have also shown a positive trend, reaching their highest at Rs 2.33 crore and Rs 2.35 crore respectively.
The company's earnings per share (EPS) have also increased, reaching its highest at Rs 58.75 in the last five quarters. This indicates that Polychem has been able to create higher earnings for its shareholders.
Overall, Polychem has shown a positive financial performance in the first quarter of 2024, with an increase in key financial indicators. This is a promising sign for the company and its investors.
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