Archean Chemical Industries Reports Decline in Performance for Q1 FY25
Archean Chemical Industries, a midcap company in the chemical industry, recently declared its financial results for the quarter ending March 2024. The results, announced on August 2, 2024, have received a ‘Sell’ call from MarketsMOJO.
According to the financials, Archean Chemical has seen a significant decline in its performance in the quarter ending June 2024. The company’s score has fallen from -20 to -22 in the last three months, indicating a very negative trend.
One of the major factors contributing to this decline is the decrease in net sales. The company’s net sales for the quarter were Rs 212.69 crore, which is a 36% decrease from the average net sales of the previous four quarters. This trend is expected to continue in the near term.
Similarly, the company’s profit before tax less other income (PBT) has also seen a significant decline of 47% compared to the average PBT of the previous four quarters. The same trend is seen in the company’s profit after tax (PAT), which has fallen by 43.7%.
In addition, Archean Chemical’s operating profit (PBDIT) and PBT for the quarter were at their lowest in the last five quarters, indicating a negative trend in the near term. The company’s earnings per share (EPS) have also decreased, creating lower earnings for shareholders.
Overall, the financial results for the quarter ending March 2024 have not been favorable for Archean Chemical Industries. Investors are advised to take note of the company’s declining performance and make informed decisions.
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