Ganesh Benzoplast's Q4 financial results show mixed performance, with some positive and negative aspects

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

According to the financials, Ganesh Benzoplast has seen a negative performance in the quarter, with a score of -9 compared to 0 in the previous quarter. However, there are some positive aspects to the company's performance.

The net sales for the quarter were at their highest in the last five quarters, at Rs 146.26 crore. The near-term sales trend is also positive. Additionally, the net sales have grown by 25.8% over the average of the previous four quarters, indicating a positive sales trend.

On the other hand, there are some areas of concern for Ganesh Benzoplast. The profit before tax less other income (PBT) for the quarter has fallen by 26.0% compared to the average of the previous four quarters. The interest cost has also risen significantly, indicating increased borrowings. The operating profit (PBDIT) for the quarter was at its lowest in the last five quarters, and the operating profit margin has also decreased, showing a decline in the company's efficiency.

The profit after tax (PAT) for the quarter has also fallen by 8.0% compared to the average of the previous four quarters. The company's non-operating income is 33.68% of the PBT, which may not be sustainable in the long run. The earnings per share (EPS) for the quarter were at their lowest in the last five quarters, indicating a decline in profitability and lower earnings for shareholders.

It is worth noting that the company's non-operating income was at its highest in the last five quarters, which may not be sustainable. Overall, Ganesh Benzoplast's financial performance for the quarter ending March 2024 has been mixed, with some positive and negative aspects. Investors should carefully consider these factors before making any investment decisions.