AksharChem (I) Reports Positive Q1 Results, Highest Net Sales in 5 Quarters
AksharChem (I), a microcap company in the dyes and pigments industry, has recently announced its financial results for the quarter ending June 2024. The company has shown a positive performance in this quarter, with a significant improvement in its financial score from -2 to 16 in the last three months.One of the key factors contributing to this positive performance is the growth in Profit Before Tax less Other Income (PBT) which has increased by 138.3% to Rs 1.53 crore compared to the average PBT of the previous four quarters which was at Rs -4.00 crore. This indicates a very positive trend in the near term for PBT.
Similarly, the Profit After Tax (PAT) has also shown a growth of 124.6% to Rs 1.15 crore compared to the average PAT of the previous four quarters which was at Rs -4.67 crore. This is a very positive sign for the company's profitability in the near term.
The company's Net Sales for this quarter were at its highest at Rs 85.91 crore and have shown growth in each of the last five quarters. This indicates a very positive trend in the near term for sales.
AksharChem (I) has also shown a positive trend in its Operating Profit (PBDIT) which was at its highest at Rs 6.23 crore in the last five quarters. This indicates a positive trend in the near term for the company's operating profit.
The company's efficiency has also improved as seen in the Operating Profit Margin which was at its highest at 7.25% in the last five quarters. This indicates that the company is utilizing its resources effectively.
In terms of profitability, the company has shown a positive trend in both PBT and PAT, with the highest figures at Rs 1.53 crore and Rs 1.15 crore respectively in the last five quarters. This indicates that the company is creating higher earnings for its shareholders.
Based on these financial results, MarketsMOJO has given a 'Sell' call for AksharChem (I) stock. However, it is important to note that this is not a recommendation and investors should do their own research before making any investment decisions.
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