Finolex Industries Reports Negative Financial Performance in Q2 FY25, Stock Call: Hold
Finolex Industries, a midcap company in the plastic products industry, recently declared its financial results for the quarter ending September 2024. The stock call by MarketsMOJO for the company is ‘Hold’.
According to the financials, Finolex Industries has seen a negative performance in the quarter, with a score of -13 compared to 9 in the previous quarter. This is a significant decline and indicates a downward trend for the company.
The Profit Before Tax (PBT) less Other Income for the quarter was at Rs -20.69 crore, showing a decrease of -128.74% compared to the same quarter last year. This trend is expected to continue in the near term. Similarly, the Profit After Tax (PAT) for the quarter was at Rs 40.67 crore, a decrease of -58.5% compared to the same quarter last year.
The company’s net sales for the quarter were at Rs 828.43 crore, the lowest in the last five quarters. This shows a negative trend in the near term, with a decrease of -6.20% compared to the same quarter last year. The Operating Profit (PBDIT) for the quarter was also at its lowest in the last five quarters, at Rs 10.57 crore. This indicates a negative trend in the near term for the company’s operating profit.
The Operating Profit Margin for the quarter was at its lowest at 1.28%, showing a decline in the company’s efficiency. The Non Operating Income for the quarter was at 133.41% of the Profit Before Tax (PBT), indicating a high income from non-business activities. This may not be a sustainable business model for the company.
The Earnings per Share (EPS) for the quarter was at its lowest at Rs 0.66, showing a decline in profitability and lower earnings for shareholders. The Non Operating Income for the quarter was also at its highest in the last five quarters, at Rs 82.62 crore. This increase in income from non-business activities may not be sustainable for the company.
Overall, Finolex Industries has shown a negative financial performance in the quarter ending September 2024. Investors are advised to hold their stocks and monitor the company’s performance in the near future.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
{{text.big_txt}}
{{text .small_txt}}
{{dashverdictresult.dashboard.stock_details.short_name}}
SEND BY EMAIL
Register now to see if the stock’s characteristics match your investment style
Subscribe now to see if the stock's characteristics match your investment style
{{dashverdictresult.dashboard.risk_return_voltality.risk_type}}, {{dashverdictresult.dashboard.risk_return_voltality.return_type}}
| {{ value[0] }} | {{ value[1] }} | {{ value[2] }} | {{ value[3] }} |
| {{ value[0] }} | {{ value[1] }} | {{ value[2] }} | {{ value[3] }} |
Create your portfolio and know how much should this stock be in your portfolio
Subscribe now to know how much you should hold in this stock
We have found 2 better stocks that you can consider
{{dashverdictresult.dashboard.return_text}}
Investors Returns (3 years) –
| Period | 6M | 1Y | 2Y | 3Y |
| {{ keyd.val }} | ||||
| {{ keyd.val }} |
Quality: {{dashverdictresult.dashboard.dotsummary.q_txt}}
Valuation: {{dashverdictresult.dashboard.dotsummary.v_txt}}
Quarterly Financial Trend: {{dashverdictresult.dashboard.dotsummary.f_txt}}
Technicals: {{dashverdictresult.dashboard.dotsummary.tech_txt}}
Stock Info:
BSE – {{dashverdictresult.dashboard.stock_details.scripcode}}/ NSE – {{dashverdictresult.dashboard.stock_details.symbol}}
Market Cap – {{dashverdictresult.dashboard.priceinfo.mcap_class}} (Rs. {{dashverdictresult.dashboard.priceinfo.mcap| number :0}} cr)
Sector – {{dashverdictresult.dashboard.stock_details.ind_name}}
52 w H/L (Rs.) – {{dashverdictresult.dashboard.priceinfo.wk_high52}}/{{dashverdictresult.dashboard.priceinfo.wk_low52}}
Average vol (6M) – {{dashverdictresult.dashboard.priceinfo.vol}}
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
