Ganesh Benzoplast Reports Negative Q3 Results, PAT Highest in 5 Quarters

Ganesh Benzoplast, a microcap logistics company, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Strong Sell' call by MarketsMOJO.

According to the financial report, Ganesh Benzoplast has seen a negative performance in the quarter, with a score of -14 compared to -4 in the previous quarter. However, there are some positive aspects to the company's financials. The Profit After Tax (PAT) for the quarter was the highest in the last five quarters at Rs 16.46 crore, and the near-term trend for PAT is positive.

On the other hand, there are some areas that need improvement for Ganesh Benzoplast. The Net Sales for the quarter were at Rs 97.63 crore, which is a decrease of 11.8% compared to the average Net Sales of the previous four quarters. The near-term trend for sales is also negative. Additionally, the company's interest cost has increased by 37.96% quarter on quarter, indicating increased borrowings. The Debtors Turnover Ratio for the half-yearly period is at its lowest in the last five periods, and the company's pace of settling its debtors has slowed.

Overall, Ganesh Benzoplast's financial performance for the quarter has been negative, with some areas of concern. Investors should carefully consider these factors before making any investment decisions.