Polycon International Reports Mixed Financial Results Amid Sales Decline in December 2024

Feb 17 2025 01:48 PM IST
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Polycon International has announced its financial results for the quarter ending December 2024, showing a mixed performance. Earnings per share reached a five-quarter high, while net sales declined significantly year on year. The company also reported a drop in operating profit and profit before tax, indicating ongoing challenges.
Polycon International, a microcap player in the plastic products industry, has recently reported its financial results for the quarter ending December 2024. The results indicate a notable shift in the company's evaluation, with a revision in its score reflecting the current financial landscape.

The earnings per share (EPS) for Polycon International reached Rs 1.47, marking the highest level in the past five quarters, suggesting an increase in profitability and enhanced earnings for shareholders. However, the company faced challenges as net sales for the quarter were recorded at Rs 5.43 crore, representing a decline of 10.40% year on year, and the lowest figure in the last five quarters. This trend points to significant headwinds in sales performance.

Additionally, the operating profit (PBDIT) fell to Rs -0.56 crore, the lowest in the same timeframe, indicating a decline in operational efficiency. The operating profit margin also dropped to -10.31%, further highlighting the company's struggles. Profit before tax less other income (PBT) was recorded at Rs -1.43 crore, again the lowest in the last five quarters, reflecting ongoing challenges in profitability.

Overall, Polycon International's recent financial results reveal a complex picture of performance, with both positive and negative elements influencing its current evaluation.

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