Chordia Food Products Reports Mixed Financial Results for Q1 FY25

Chordia Food Products, a microcap FMCG company, recently declared its financial results for the quarter ended March 2024. The company’s stock has been given a ‘Strong Sell’ call by MarketsMOJO.

According to the financial report, Chordia Food’s performance for the quarter has been flat, with a score of -2 compared to 1 in the previous quarter. However, there are some positive aspects to the company’s financials. The Profit After Tax (PAT) for the nine-month period is higher at Rs 0.56 crore compared to the preceding 12-month period of Rs 0.46 crore. This indicates that the company has already surpassed its sales from the previous year in just nine months.

On the other hand, there are some areas of concern for Chordia Food. The Operating Profit (PBDIT) for the quarter is at its lowest in the last five quarters at Rs 0.45 crore. The trend for near-term Operating Profit is also negative. Similarly, the Profit Before Tax less Other Income (PBT) for the quarter is at its lowest in the last five quarters at Rs 0.20 crore, with a negative trend in the near term. The company’s Earnings per Share (EPS) for the quarter is also at its lowest in the last five quarters at Rs 0.40, indicating a decline in profitability and lower earnings for shareholders.

Despite these challenges, Chordia Food remains a strong player in the FMCG industry. With its consistent performance and focus on growth, the company is determined to overcome these obstacles and continue to thrive in the market. Investors should keep a close eye on the company’s future financial reports to track its progress.