Tuticorin Alkali Chemicals & Fertilizers Reports Negative Financial Performance in Q1 FY25

Tuticorin Alkali Chemicals & Fertilizers, a smallcap company in the chemicals industry, recently declared its financial results for the quarter ending June 2024. According to the latest report, the company has seen a very negative financial performance with a score of -21, which has improved from -25 in the last three months.

Despite the overall negative trend, there are some positive aspects to Tuticorin Alkali’s financials. The company’s earnings per share (EPS) for the quarter were the highest in the last five quarters at Rs 2.97, indicating an increase in profitability and higher earnings for shareholders.

However, there are also some concerning factors in the financial report. The profit before tax (PBT) less other income has fallen by -36.4% compared to the average of the previous four quarters, and the profit after tax (PAT) has also decreased by -27.7%. The net sales for the quarter have also fallen by -9.7% compared to the average of the previous four quarters.

Additionally, the operating profit (PBDIT) for the quarter was the lowest in the last five quarters, and the operating profit margin was also at its lowest at 17.49%. This indicates a deterioration in the company’s efficiency. The PBT less other income was also at its lowest in the last five quarters, showing a negative trend in the near term.

Based on these financial results, MarketsMOJO has given a stock call of ‘Strong Sell’ for Tuticorin Alkali. Investors should carefully consider these factors before making any investment decisions.