Polyspin Exports Reports Mixed Financial Results for Q1 FY25

Polyspin Exports, a microcap company in the miscellaneous industry, has recently declared its financial results for the quarter ending March 2024. According to the data released on August 14, 2024, the stock call for Polyspin Exports by MarketsMOJO is ‘Strong Sell’.

The company’s financial performance for the quarter has remained flat, with a score of 5 compared to -11 in the previous quarter. However, there are some positive trends seen in the financials. The Profit Before Tax less Other Income (PBT) has grown by 168.8% to Rs 1.44 crore, compared to the average PBT of the previous four quarters which was -2.09 crore. The Profit After Tax (PAT) has also shown a significant growth of 493.1% to Rs 2.49 crore, compared to the average PAT of the previous four quarters which was -0.63 crore. The Operating Profit (PBDIT) for the quarter is the highest in the last five quarters at Rs 2.59 crore, indicating a positive trend in the near term.

The company’s efficiency has also improved as seen in the Operating Profit Margin, which is the highest in the last five quarters at 5.32%. However, there are some areas of concern as well. The Operating Cash Flow has been falling each year in the last three years, with the lowest being Rs 7.76 crore in the last financial year. The Net Sales for the quarter have also fallen by -7.6% compared to the average of the previous four quarters. The company’s liquidity situation may also be stressed as seen in the Debt-Equity Ratio, which is the highest in the last five half yearly periods at 1.28 times.

Overall, Polyspin Exports has shown some positive trends in its financials, but there are also some areas that need improvement. Investors should carefully analyze the company’s financials before making any investment decisions.