Chemcon Speciality Chemicals' Q3 Financials Show Mixed Results

Chemcon Speciality Chemicals, a smallcap company in the chemicals industry, recently declared its financial results for the quarter ended September 2023. The company's net sales saw a decline of 5.22% compared to the previous quarter, while its standalone net profit showed a slight increase of 0.51%. The operating profit (PBDIT) excluding other income also saw a growth of 6.53%, indicating a positive trend for the company.

However, the company's interest expenses saw a significant increase of 7.35% compared to the previous quarter. Despite this, the operating profit margin (excluding other income) has improved from the previous quarter, which is a positive sign for the company.

According to MarketsMOJO, a leading financial analysis platform, the stock call for Chemcon Speciality Chemicals is 'Sell'. This is based on the company's financial performance and other market factors.

In the last 3 months, Chemcon Speciality Chemicals has seen a negative financial performance, with its score improving from -17 to -7. This indicates that the company's financials have not been performing well in the recent past.

Some of the key areas that are not working for Chemcon Speciality Chemicals based on its September 2023 financials are its profit after tax (PAT) which has shown a decline of 64.39% year on year, and its non-operating income which is 37.69% of its profit before tax. This suggests that the company's income from non-business activities is high, which may not be a sustainable business model.

Overall, Chemcon Speciality Chemicals' financial performance for the quarter ended September 2023 has been negative. It is important for investors to carefully analyze the company's financials and market trends before making any investment decisions.