Elantas Beck India Reports Negative Financial Results for Q2 2024
Elantas Beck India, a midcap chemical company, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.
According to the financial report, Elantas Beck has seen a negative performance in the second quarter of the fiscal year 2024-2025. The company's score has fallen from 12 to -8 in the last three months, indicating a decline in its financial health.
The company's Profit Before Tax (PBT) less Other Income for the quarter was Rs 29.11 crore, which is a decrease of 14.5% compared to the average PBT of the previous four quarters. This trend is expected to continue in the near term. Similarly, the Profit After Tax (PAT) for the quarter was Rs 31.07 crore, a decrease of 17.5% compared to the average PAT of the previous four quarters.
Elantas Beck's Operating Profit (PBDIT) for the quarter was the lowest in the last five quarters at Rs 33.15 crore, indicating a negative trend in the company's operating efficiency. The Operating Profit Margin for the quarter was also the lowest in the last five quarters at 18.06%, further highlighting the company's deteriorating efficiency.
The company's Earnings per Share (EPS) for the quarter was also the lowest in the last five quarters at Rs 39.18, indicating a decline in profitability and lower earnings for shareholders.
Overall, Elantas Beck India's financial performance for the quarter ending September 2024 has been negative, with a decline in key financial indicators. Investors are advised to take note of these results and make informed decisions regarding their investments in the company.
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