Prima Plastics Reports Flat Performance in Q1 FY25, Cash Reserves Remain Strong
Prima Plastics, a microcap company in the plastic products industry, recently announced its financial results for the quarter ending March 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.
According to the financial report, Prima Plastics has seen a flat performance in the quarter, with a score of 2 out of 10, a decrease from the previous score of 6 in the last 3 months. However, there are some positive aspects to the company’s financials.
One of the strengths of Prima Plastics is its cash and cash equivalents, which have been consistently high at Rs 16.60 crore in the last six half-yearly periods. This indicates that the company has a strong short-term liquidity position.
On the other hand, the company’s operating profit (PBDIT) for the quarter was at its lowest in the last five quarters, at Rs 4.76 crore. This suggests a negative trend in the near term. Additionally, the operating profit margin for the quarter was also at its lowest in the last five quarters, at 11.62%. This indicates a decline in the company’s efficiency.
Overall, Prima Plastics has shown a mixed performance in the quarter ending March 2024. Investors should carefully consider the company’s financials before making any investment decisions.
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