Diamines & Chemicals Reports Negative Financial Results, Receives 'Strong Sell' Rating

Diamines & Chemicals, a microcap company in the chemicals industry, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Strong Sell' rating by MarketsMOJO.

According to the financial report, Diamines & Chemicals has seen a negative performance in the quarter, with a score of -18, which is an improvement from the previous quarter's score of -32. This indicates that the company's financials have not been performing well in the last three months.

One of the major factors contributing to this negative performance is the decline in Profit Before Tax (PBT) less Other Income, which has fallen by 37.47% year on year. The trend for PBT in the near term is also very negative. Similarly, the Profit After Tax (PAT) has also seen a decline of 27.9% year on year, with a negative trend in the near term.

In terms of sales, the company has seen a decrease of 30.20% year on year in the half-yearly net sales. This indicates a negative trend in the near term for the company's sales.

Additionally, Diamines & Chemicals has also announced a lower dividend of Rs 2.50 per share, which is the lowest in the last five years. This suggests that the company is distributing lower dividends compared to previous years.

Overall, the financial results for the quarter ending September 2024 for Diamines & Chemicals have not been positive. Investors should take note of the 'Strong Sell' rating given by MarketsMOJO and carefully consider their investment decisions.