Clean Science & Technology Reports Flat Performance in Q1 2024, with Mixed Financial Results.
Clean Science & Technology, a midcap chemical company, has reported a flat performance in the quarter ended March 2024. While the company's net sales have shown a positive trend, its Profit After Tax has decreased by 20.31% year on year. Non-operating income has also increased, but may not be sustainable. Investors should carefully consider these factors before making any decisions.
Clean Science & Technology, a midcap chemical company, recently announced its financial results for the quarter ended March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.
According to the financial report, Clean Science has shown a flat performance in the quarter, with a slight improvement in its score from -13 to -1 in the last three months. However, there are some positive and negative aspects to the company's financials.
On the positive side, Clean Science has recorded its highest net sales in the last five quarters at Rs 227.53 crore. This shows a positive trend in the company's sales in the near term. However, on the negative side, the company's Profit After Tax (PAT) for the nine-month period has decreased by 20.31% year on year. The near term trend for PAT is also negative.
Another concerning aspect is the company's non-operating income, which has increased to its highest in the last five quarters at Rs 14.06 crore. This may not be sustainable as it comes from non-business activities.
Overall, Clean Science's financial performance for the quarter ended March 2024 has been flat, with some positive and negative aspects. Investors should carefully consider these factors before making any investment decisions.
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