Diamines & Chemicals Reports Significant Decline in Financial Performance for Q2 2024
Diamines & Chemicals, a microcap company in the chemicals industry, recently announced its financial results for the quarter ending June 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.
According to the financial report, Diamines & Chemicals has seen a significant decline in its performance, with a score of -32 compared to -22 in the previous quarter. This is a cause for concern for investors and stakeholders.
One of the major factors contributing to this decline is the decrease in net sales, which have fallen by -46.88% year on year. This trend is expected to continue in the near term, indicating a negative sales trend for the company.
The company's profit before tax (PBT) and profit after tax (PAT) have also seen a sharp decline of -124.83% and -125.0% respectively. This is a worrying trend for investors, as it indicates a significant decrease in profitability.
Furthermore, Diamines & Chemicals' operating profit (PBDIT) has been consistently falling in the last five quarters, with the latest quarter showing a loss of Rs -1.36 cr. This is a clear indication of the company's deteriorating efficiency.
The operating profit margin has also seen a decline, reaching its lowest point at -8.08%. This further highlights the company's inefficiency and lack of profitability.
In terms of earnings per share (EPS), Diamines & Chemicals has shown a decline, with the latest quarter reporting an EPS of -1.79. This is a cause for concern for shareholders, as it indicates a decrease in earnings.
Additionally, the company's dividend per share (DPS) has also seen a decline, with the latest annual dividend being Rs 2.50. This is lower than the previous years, indicating a decrease in dividend distribution.
Overall, Diamines & Chemicals' financial performance for the quarter ending June 2024 has been very negative. Investors and stakeholders should closely monitor the company's performance in the coming quarters to make informed decisions.
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