DDev Plastiks Industries Reports Decline in Financial Performance for Q1 FY25
DDev Plastiks Industries, a smallcap chemical company, recently announced its financial results for the quarter ending June 2024. According to the report released on August 12, 2024, the company’s stock has been given a ‘Hold’ call by MarketsMOJO.
The financial performance of DDev Plastiks for the quarter has remained flat, with a score of 1 compared to 15 in the previous three months. This indicates a decline in the company’s performance.
The report highlights some areas where DDev Plastiks has not performed well in the quarter. The Profit Before Tax (PBT) has fallen by 8.5% to Rs 50.54 crore, compared to the average PBT of the previous four quarters, which was Rs 55.24 crore. The trend for PBT in the near term is negative.
Similarly, the Profit After Tax (PAT) has also seen a decline of 6.5% to Rs 42.45 crore, compared to the average PAT of the previous four quarters, which was Rs 45.42 crore. The near term trend for PAT is also negative.
Another concerning factor is the Debtors Turnover Ratio, which is at its lowest in the last five half-yearly periods at 6.11 times. This indicates that the company’s pace of settling its debtors has slowed down.
Overall, the financial results for the quarter ending June 2024 for DDev Plastiks Industries have not been positive. Investors are advised to hold their stocks and monitor the company’s performance closely.
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