Shree Hari Chemicals Export Reports Positive Financial Results for Q4 2023

Feb 14 2024 09:25 PM IST
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Shree Hari Chemicals Export, a microcap company in the chemicals industry, has announced its financial results for the quarter ending December 2023. Despite a 'Sell' stock call by MarketsMojo, the company has shown positive performance with a 40.87% increase in net sales and improvements in operating profit and profitability indicators.
Shree Hari Chemicals Export, a microcap company in the chemicals industry, has recently announced its financial results for the quarter ending December 2023. The results have been declared on February 14, 2024.

According to MarketsMOJO, a leading stock market analysis platform, the stock call for Shree Hari Chemicals Export is 'Sell'. However, the company has shown positive financial performance in the quarter ending December 2023, with a score improvement from 14 to 18 in the last 3 months.

One of the key factors contributing to this positive performance is the growth in net sales, which has increased by 40.87% year on year to reach Rs 76.03 crore in the half-yearly period. The near-term sales trend for the company is also very positive.

Moreover, Shree Hari Chemicals Export has also shown improvement in its operating profit (PBDIT) in the last five quarters, with the highest recorded at Rs 2.29 crore in the latest quarter. The company's operating profit margin has also increased to 6.19%, indicating improved efficiency.

In terms of profitability, the company has recorded its highest profit before tax (PBT) of Rs 1.08 crore in the last five quarters, with a positive trend in the near term. The profit after tax (PAT) has also shown a positive trend, with the highest recorded at Rs 1.04 crore in the last five quarters. This has resulted in an increase in earnings per share (EPS) to Rs 2.34, indicating higher profitability and value creation for shareholders.

Overall, Shree Hari Chemicals Export has shown promising financial results in the quarter ending December 2023, with positive trends in key performance indicators. However, investors should consider the stock call of 'Sell' by MarketsMOJO before making any investment decisions.
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