Crestchem Reports Strong Financial Results for Q2 2024, Shows Promising Growth Trend

Nov 13 2024 09:32 PM IST
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Crestchem, a microcap company in the chemicals industry, has reported strong financial results for the quarter ending September 2024. Its net sales have grown by 57.80% year on year and its profitability has also shown impressive numbers. With a positive near-term trend, Crestchem is poised for future growth in the industry.
Crestchem, a microcap company in the chemicals industry, has recently announced its financial results for the quarter ending September 2024. The stock call by MarketsMOJO for Crestchem is 'Hold'.

According to the financial report, Crestchem has shown a very positive performance in the second quarter of the fiscal year 2024-2025. The company's score has improved from 13 to 21 in the last three months, indicating a strong growth trend.

One of the key factors contributing to Crestchem's success is its net sales, which have grown by 57.80% year on year to reach Rs 13.05 crore in the first half of the year. The company's near-term sales trend is also very positive, indicating a promising future.

In terms of profitability, Crestchem has also shown impressive numbers. Its operating profit (PBDIT) for the quarter is the highest in the last five quarters at Rs 1.27 crore. The near-term trend for operating profit is positive, indicating a strong financial performance.

Similarly, the company's profit before tax (PBT) less other income for the quarter is also the highest in the last five quarters at Rs 1.26 crore. The near-term trend for PBT is positive, indicating a strong financial position for Crestchem.

Crestchem's profit after tax (PAT) for the quarter is also the highest in the last five quarters at Rs 1.00 crore. The near-term trend for PAT is positive, indicating a strong financial performance and growth potential for the company.

With a quarterly earnings per share (EPS) of Rs 3.33, Crestchem has shown an increasing profitability trend and has created higher earnings for its shareholders. Overall, the financial results for the quarter ending September 2024 have been very positive for Crestchem, making it a company to watch out for in the chemicals industry.
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