CHD Chemicals Reports Decline in Financial Performance, Receives 'Sell' Rating from MarketsMOJO

Aug 14 2024 11:56 PM IST
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CHD Chemicals, a microcap trading company, reported a flat performance in the quarter ending March 2024 with a score of -5 compared to 1 in the previous quarter. The company's net sales have decreased by 26.32% year on year, leading to a decline in financial health. Operating profit, profit before tax, and earnings per share are also at their lowest in the last five quarters, indicating negative trends in the company's profitability. Investors are advised to consider the 'Sell' call given by MarketsMojo before making any investment decisions.

CHD Chemicals, a microcap trading company, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, CHD Chemicals has experienced a flat performance in the quarter, with a score of -5 compared to 1 in the previous quarter. This indicates a decline in the company's financial health.

One of the major factors contributing to this decline is the net sales, which have decreased by 26.32% year on year, standing at Rs 9.66 crore. The near-term sales trend for the company is also negative.

The operating profit (PBDIT) for the quarter is at its lowest in the last five quarters, standing at Rs -0.15 crore. This indicates a negative trend in the company's operating profit in the near term.

Similarly, the profit before tax (PBT) less other income is also at its lowest in the last five quarters, standing at Rs -0.27 crore. This shows a negative trend in the company's profitability in the near term.

The earnings per share (EPS) for the quarter is also at its lowest in the last five quarters, standing at Rs -0.42. This indicates a decline in the company's profitability and lower earnings for shareholders.

Overall, the financial results for the quarter ending March 2024 have not been favorable for CHD Chemicals. Investors are advised to take note of the negative trends and the 'Sell' call given by MarketsMOJO before making any investment decisions.
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