Atul's Q2 Financial Results Show Positive Growth Across Key Indicators

Oct 25 2024 05:48 PM IST
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Atul, a largecap company in the chemicals industry, has reported a positive financial performance for the quarter ending September 2024. The company's PBT and PAT have shown significant growth compared to the previous four quarters, along with an increase in net sales and operating profit. However, the company's non-operating income may not be sustainable in the long term.

Atul, a largecap company in the chemicals industry, has recently declared its financial results for the quarter ending September 2024. The company has shown positive performance in this quarter, with a score of 14 compared to 4 in the previous quarter. This is a significant improvement in just three months.

One of the key factors contributing to Atul's positive financial performance is its Profit Before Tax less Other Income (PBT), which has grown by 56.8% to Rs 159.45 crore compared to the average PBT of the previous four quarters at Rs 101.68 crore. This trend is expected to continue in the near term.

Similarly, the company's Profit After Tax (PAT) has also shown a growth of 65.1% to Rs 136.81 crore compared to the average PAT of the previous four quarters at Rs 82.89 crore. This is a very positive trend for the company.

Atul's Net Sales for this quarter have also been the highest in the last five quarters at Rs 1,392.83 crore, indicating a positive sales trend in the near term. The company's Operating Profit (PBDIT) has also shown a positive trend, with the highest value of Rs 242.74 crore in the last five quarters.

The company's efficiency has also improved, as seen in its Operating Profit Margin, which is the highest at 17.43% in the last five quarters. This indicates that Atul is utilizing its resources effectively.

Moreover, Atul has also shown an increase in its Earnings per Share (EPS) to Rs 46.47, which is the highest in the last five quarters. This shows that the company is creating higher earnings for its shareholders.

However, one area of concern for Atul is its Non Operating Income, which has shown an increase to the highest value of Rs 31.52 crore in the last five quarters. This may not be sustainable in the long term.

Overall, Atul's financial performance for the quarter ending September 2024 has been positive, with a 'Hold' call by MarketsMOJO. The company has shown growth in key financial indicators and is expected to continue this trend in the near term.
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