Chambal Fertilisers & Chemicals' Q4 financials show mixed results, PBT sees significant growth
Chambal Fertilisers & Chemicals, a midcap company in the fertilizer industry, reported flat financial results for the quarter ending March 2024. While the Profit Before Tax showed significant growth, the net sales have fallen and the company's reliance on non-business activities is a concern. Investors are advised to hold their positions and monitor the company's performance closely.
Chambal Fertilisers & Chemicals, a midcap company in the fertilizer industry, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.
The financial performance for the quarter has been flat, with a score of -3 compared to 10 in the previous quarter. However, there are some positive aspects to note from the financials. The Profit Before Tax (PBT) has shown a significant growth of 280.15% year on year, reaching Rs 62.91 crore. The near term trend for PBT is also very positive. The Profit After Tax (PAT) for the half-yearly period has also shown growth of 33.02% year on year, reaching Rs 556.19 crore. The near term trend for PAT is positive.
On the other hand, the net sales for the quarter have fallen by -26.56% year on year, reaching Rs 2,643.04 crore. This is the lowest net sales in the last five quarters, and the near term trend for sales is negative. Additionally, the company's non-operating income is 50.01% of the PBT, indicating a high reliance on non-business activities which may not be sustainable in the long run.
Overall, Chambal Fertilisers & Chemicals has shown mixed financial results for the quarter ending March 2024. Investors are advised to hold their positions and monitor the company's performance closely.
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