Alkyl Amines Chemicals Reports Negative Financial Performance in Q4 2023

Alkyl Amines Chemicals, a midcap company in the chemicals industry, recently announced its financial results for the quarter ending December 2023. According to the report released on February 2, 2024, the company has seen a negative financial performance with a score of -13, which is an improvement from the previous quarter's score of -17.

The company's Profit Before Tax (PBT) has fallen by 23.3% to Rs 41.71 crore compared to the average PBT of the previous four quarters, which was Rs 54.36 crore. This indicates a very negative trend in the near term. Similarly, the Profit After Tax (PAT) has also fallen by 22.0% to Rs 33.43 crore compared to the average PAT of the previous four quarters, which was Rs 42.84 crore.

The company's Net Sales for the quarter were at Rs 322.05 crore, which is a decrease of 17.5% compared to the average Net Sales of the previous four quarters, which was Rs 390.50 crore. This is the lowest Net Sales in the last five quarters, indicating a negative trend in the near term.

Based on these financial results, MarketsMOJO has given a 'Sell' call for Alkyl Amines stock. The company's performance in the quarter ending December 2023 has not been favorable, and the near term trend is also negative. This news is important for investors to make informed decisions about their investments in Alkyl Amines Chemicals.