Prima Plastics' Quarterly Performance Shows Mixed Results, Receives 'Hold' Call from MarketsMOJO

Operating Profit Margin (OPM) - Quarterly: At 18.25% has Declined by -2.36% Year on Year (YoY).Near term OPM trend is negative.
Return on Equity (ROE) - Quarterly: At 13.02% has Declined by -1.96% Year on Year (YoY).Near term ROE trend is negative.

Despite a flat financial performance in the quarter ending March 2024, Prima Plastics, a microcap company in the plastic products industry, has received a 'Hold' call from MarketsMOJO. The company's score has fallen from 11 to 2 in the last 3 months, indicating a decline in overall performance.

However, there are some positive aspects to Prima Plastics' financials for the quarter. The company's Profit Before Tax (PBT) less Other Income has been the highest in the last five quarters at Rs 9.26 crore, with a positive trend in the near term. Similarly, the Profit After Tax (PAT) has also been the highest in the last five quarters at Rs 6.81 crore, with a positive trend in the near term. This indicates that the company has been able to generate higher earnings for its shareholders.

On the other hand, there are some areas that need improvement for Prima Plastics. The Net Sales for the quarter have grown at a negative rate of -6.73% Year on Year (YoY) at Rs 50.73 crore, with a negative trend in the near term. The Operating Profit Margin (OPM) has also declined by -2.36% YoY at 18.25%, with a negative trend in the near term. Similarly, the Return on Equity (ROE) has also declined by -1.96% YoY at 13.02%, with a negative trend in the near term.

Overall, Prima Plastics' financial performance for the quarter ending March 2024 has been flat, with some positive and negative aspects. Investors are advised to hold their position in the company's stock, as suggested by MarketsMOJO.