Sreechem Resins Releases Mixed Financial Results for Q2 2024, Investors Urged to Analyze Carefully
Despite the recent financial results, Sreechem Resins, a microcap company in the chemicals industry, has declared its financial results for the quarter ending September 2024. The company's stock has been given a 'Strong Sell' call by MarketsMOJO.
According to the financials, Sreechem Resins has seen a flat performance in the second quarter of the fiscal year 2024-2025, with a score of -5 compared to 12 in the previous quarter. However, there are some positive aspects to the company's financials. The Profit After Tax (PAT) for the nine-month period is higher at Rs 0.33 crore compared to the previous 12-month period of Rs -0.09 crore. Additionally, the company has already surpassed its sales from the previous 12 months in just nine months.
On the other hand, there are some concerning factors in Sreechem Resins' financials. The net sales for the quarter have fallen by -37.8% compared to the average net sales of the previous four quarters. The operating cash flow for the year is also at its lowest in the last three years, indicating a decline in the company's cash revenues from business operations. The operating profit (PBDIT) for the quarter is also at its lowest in the last five quarters, with a negative trend in the near term. The operating profit margin has also deteriorated, reaching its lowest point in the last five quarters. The company's profitability has also declined, with the lowest earnings per share (EPS) in the last five quarters.
Overall, Sreechem Resins' financial results for the quarter ending September 2024 have been mixed, with some positive and negative aspects. Investors should carefully consider these factors before making any investment decisions.
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