Chemcrux Enterprises Reports Decline in Financial Performance, Receives 'Sell' Call from MarketsMOJO

Chemcrux Enterprises, a microcap company in the chemicals industry, recently announced its financial results for the quarter ending June 2024. The results, declared on July 30, have received a 'Sell' call from MarketsMOJO.

According to the financials, Chemcrux Enterprises has seen a negative performance in the quarter, with a score of -14 compared to -10 in the previous quarter. This decline can be attributed to various factors.

One of the major concerns is the company's net sales, which have fallen by 23.24% year on year to Rs 17.11 crore. The near-term sales trend is also negative, indicating a potential struggle for the company in the coming months.

The company's profit before tax less other income (PBT) has also taken a hit, falling by 54.03% year on year to Rs 1.37 crore. This trend is expected to continue in the near term, further impacting the company's financials.

In terms of profitability, Chemcrux Enterprises has seen a decline in its profit after tax (PAT) for the half-yearly period, with a growth rate of -34.29% year on year. The operating profit (PBDIT) for the quarter is also at its lowest in the last five quarters, indicating a negative trend in the company's operations.

The operating profit margin for the quarter is also at its lowest in the last five quarters, standing at 12.10%. This suggests a deterioration in the company's efficiency.

Overall, Chemcrux Enterprises has shown a decline in its financial performance for the quarter ending June 2024. With a 'Sell' call from MarketsMOJO, investors may want to closely monitor the company's future financials before making any investment decisions.