Tainwala Chemicals & Plastics (India) Reports Negative Financial Performance in Q2 2024
Tainwala Chemicals & Plastics (India), a microcap company in the plastic products industry, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.
According to the financial report, Tainwala Chem. has seen a negative performance in the second quarter of the fiscal year 2024-2025, with a score of -7 compared to 3 in the previous quarter. However, there are some positive aspects to the company's financials. The operating cash flow for the year has been the highest in the last three years, at Rs 0.84 crore, indicating that the company has generated higher cash revenues from its business operations.
On the other hand, there are some areas of concern for Tainwala Chem. The profit after tax (PAT) for the quarter has fallen by 27.5% year on year, at Rs 3.42 crore. The net sales for the first half of the year have also shown a decline of 49.22% year on year, at Rs 6.52 crore. Additionally, the profit before tax less other income (PBT) for the quarter is at its lowest in the last five quarters, at Rs -0.20 crore. The company's non-operating income is also high, at 105.60% of the PBT, indicating a reliance on non-business activities for income.
Overall, Tainwala Chemicals & Plastics (India) has shown a negative trend in its financial performance for the quarter ending September 2024. Investors should carefully consider these factors before making any investment decisions.
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