CIAN Agro's Q3 financials show mixed results

CIAN Agro Industries & Infrastructure, a microcap company in the solvent extraction industry, has recently declared its financial results for the quarter ended September 2023. The company's net sales for the quarter showed a decline of -1.35% compared to the previous quarter, but a significant improvement from the -79.22% decline in the quarter ended June 2023. The consolidated net profit for the quarter showed a growth of 85.71%, indicating a positive trend in profitability.

However, the operating profit (PBDIT) excluding other income showed a decline of -2.02% compared to the previous quarter, although it had shown a growth of 42.68% in the quarter ended June 2023. The interest expenses also showed a slight increase of 4.28% compared to the previous quarter, but a significant improvement from the 24.37% increase in the quarter ended June 2023. The operating profit margin (excluding other income) also showed a decline from the previous quarter.

Despite the negative financial performance in the quarter ended September 2023, CIAN Agro has shown some positive aspects in its financials. The company's profit after tax (PAT) for the quarter was the highest in the last five quarters at Rs 0.52 crore, and has shown a growth in each quarter in the last five quarters. The earnings per share (EPS) for the quarter was also the highest in the last five quarters at Rs 0.19, indicating an increasing profitability and higher earnings for shareholders.

However, the net sales for the quarter were the lowest in the last five quarters at Rs 22.63 crore, showing a decline of -56.51% year on year (YoY). The near term sales trend for the company is also negative. Overall, CIAN Agro's financial performance for the quarter ended September 2023 has been negative, with a score of -7 compared to -3 in the last three months. Investors should carefully consider these factors before making any investment decisions.