Fineotex Chemical's Q1 financials show mixed results, PAT up but PBT down
Fineotex Chemical, a smallcap company in the chemical industry, has reported its financial results for the quarter ending June 2024. The company's stock has been given a 'Hold' call by MarketsMojo. While the PAT has shown a growth of 24.28% year on year, the PBT for the quarter has fallen by -7.1%. Investors are advised to hold their positions.
Fineotex Chemical, a smallcap company in the chemical industry, has recently declared its financial results for the quarter ending June 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.
According to the financial report, Fineotex Chem has seen a flat performance in the quarter, with a score of 3 out of 10, compared to 7 in the previous quarter. However, there are some positive aspects to the company's financials.
The Profit After Tax (PAT) for the nine-month period has shown a growth of 24.28% year on year, reaching Rs 91.53 crore. This indicates a positive trend in the near term for the company.
On the other hand, the Profit Before Tax less Other Income (PBT) for the quarter has fallen by -7.1% compared to the average PBT of the previous four quarters. This could be a cause for concern as the near term trend for PBT is negative.
Overall, Fineotex Chemical's financial performance for the quarter ending June 2024 has been neutral. Investors are advised to hold their positions in the company's stock, as suggested by MarketsMOJO.
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