Atul's Q4 financial results show mixed performance, with some improvements but overall negative trend
Atul, a midcap company in the chemicals industry, reported its financial results for the quarter ending March 2024. While net sales were the highest in five quarters and near-term sales trend is positive, the company's PBT, PAT, operating profit, and EPS were the lowest in five quarters, indicating a decline in efficiency and profitability.
Atul, a midcap company in the chemicals industry, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Strong Sell' rating by MarketsMOJO.
According to the financials, Atul has seen a negative performance in the quarter, with a score of -13, which has improved from -16 in the last three months. However, there are some positive aspects to the company's performance. The net sales for the quarter were the highest in the last five quarters, at Rs 1,212.15 crore, and the near-term sales trend is positive.
On the other hand, there are some areas where Atul's performance has not been as strong. The Profit Before Tax less Other Income (PBT) for the quarter was at Rs 70.15 crore, which is a decrease of 33.2% from the average PBT of the previous four quarters. The near-term trend for PBT is very negative. Similarly, the Profit After Tax (PAT) for the quarter was at Rs 58.41 crore, a decrease of 34.8% from the average PAT of the previous four quarters. The near-term trend for PAT is also very negative.
The Operating Profit (PBDIT) for the quarter was the lowest in the last five quarters, at Rs 147.56 crore, and the near-term trend for operating profit is negative. The Operating Profit Margin for the quarter was also the lowest in the last five quarters, at 12.17%, indicating a deterioration in the company's efficiency. The PBT for the quarter was also the lowest in the last five quarters, at Rs 70.15 crore, and the near-term trend for PBT is negative. The Earnings per Share (EPS) for the quarter was also the lowest in the last five quarters, at Rs 19.84, showing a decline in profitability and lower earnings for shareholders.
Overall, Atul's financial performance for the quarter ending March 2024 has been negative, with some areas showing improvement while others have declined. Investors should carefully consider these factors before making any decisions regarding the company's stock.
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