Clean Science & Technology Reports Mixed Financial Results for Q2 2024

Nov 09 2024 04:56 PM IST
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Clean Science & Technology, a midcap chemicals company, reported its Q2 financial results for FY 2024-25. While net sales were the highest in five quarters and near-term sales trend is positive, inventory turnover and profit after tax have decreased. Debtors turnover is also low, indicating a slowdown. Investors should carefully evaluate before investing.

Clean Science & Technology, a midcap company in the chemicals industry, recently announced its financial results for the quarter ending September 2024. The stock call by MarketsMOJO for the company is 'Sell'.

According to the financial report, Clean Science has seen a flat performance in the second quarter of the fiscal year 2024-25, with a score of -3 compared to -1 in the previous quarter. However, there are some positive and negative aspects to the company's financials.

On the positive side, Clean Science's net sales for the quarter were the highest in the last five quarters at Rs 238.13 crore. The company's near-term sales trend is also positive, indicating potential growth in the future.

On the other hand, the company's inventory turnover ratio for the half-yearly period is the lowest at 5.99 times, and it has fallen in each of the last five half-yearly periods. This suggests that the company's pace of selling inventory has slowed down. Additionally, the profit after tax (PAT) for the quarter has fallen by -6.4% compared to the average PAT of the previous four quarters. The near-term trend for PAT is also negative. Furthermore, the debtors turnover ratio for the half-yearly period is the lowest at 4.65 times, indicating a slowdown in the company's pace of settling its debtors.

Overall, Clean Science's financial performance for the quarter ending September 2024 has been mixed, with some positive and negative aspects. Investors should carefully consider these factors before making any investment decisions.
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