Prima Industries Reports Flat Performance in Q4, Lowest Profits in 5 Quarters

Prima Industries, a microcap company in the solvent extraction industry, recently announced its financial results for the quarter ending December 2023. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, Prima Industries has seen a flat performance in the quarter, with a score of -4 compared to 9 in the previous quarter. This decline in score can be attributed to various factors.

One of the major concerns for the company is its operating profit (PBDIT), which has been the lowest in the last five quarters at Rs -0.31 crore. The near-term trend for operating profit is also negative, indicating potential challenges for the company in the coming months.

Similarly, the profit before tax less other income (PBT) has also been the lowest in the last five quarters at Rs -0.52 crore. This trend is also negative, suggesting a decline in profitability for the company.

The earnings per share (EPS) for Prima Industries have also been on a downward trend, with the lowest recorded at Rs -4.81 in the last five quarters. This indicates that the company has not been able to generate significant earnings for its shareholders.

Another concerning factor is the debtors turnover ratio, which has been the lowest in the last five half-yearly periods at 29.43 times. This suggests that the company's pace of settling its debtors has slowed down.

Overall, Prima Industries' financial performance for the quarter ending December 2023 has been lackluster. The company will need to address these issues and improve its profitability in order to see a positive trend in its financials. Investors are advised to hold their positions in the company's stock for now, as recommended by MarketsMOJO.