Alufluoride Reports Strong Financial Performance in Q1 FY25 Despite 'Sell' Call

Alufluoride, a microcap company in the chemicals industry, has recently announced its financial results for the quarter ending March 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.

Despite this, Alufluoride has shown a positive financial performance in the quarter, with its score improving from 2 to 10 in the last 3 months. This is a result of several factors that have worked in the company’s favor, as seen in the June 2024 financials.

One of the key highlights is the growth in Profit After Tax (PAT) for the quarter, which has increased by 52.7% year on year (YoY) to Rs 5.33 crore. The near-term trend for PAT is also very positive. Additionally, the company has been able to settle its debtors faster, with the Debtors Turnover Ratio being the highest at 12.97 times in the last five half-yearly periods.

In terms of sales, Alufluoride has seen a positive trend, with the net sales for the quarter being the highest at Rs 45.71 crore in the last five quarters. The YoY growth in net sales is also impressive at 29.38%. Similarly, the Profit Before Tax less Other Income (PBT) has shown a growth of 25.86% YoY, with a positive near-term trend.

Furthermore, the company’s cash and cash equivalents have been consistently improving, with the highest amount of Rs 7.41 crore in the last six half-yearly periods. This indicates that Alufluoride has a strong short-term liquidity position.

Overall, Alufluoride’s financial performance for the quarter ending March 2024 has been positive, with several factors contributing to its growth. Investors may want to keep an eye on the company’s future performance to make informed decisions.