India Gelatine & Chemicals Reports Negative Financial Results for Q1 2024
India Gelatine & Chemicals, a microcap company in the chemicals industry, recently announced its financial results for the quarter ending March 2024. According to the report, the company's performance has been negative, with a score of -10 compared to -1 in the previous quarter.
The company's Profit After Tax (PAT) for the quarter was at Rs 5.02 crore, which is a decrease of 38.6% from the average PAT of the previous four quarters. This indicates a downward trend in the company's profitability in the near term. Similarly, the Operating Profit (PBDIT) for the quarter was at its lowest at Rs 7.45 crore and has been declining each quarter in the last five quarters. This shows a negative trend in the company's operating profit.
The Operating Profit Margin for the quarter was also at its lowest at 14.55% in the last five quarters, indicating a decline in the company's efficiency. The Profit Before Tax less Other Income (PBT) for the quarter was at its lowest at Rs 5.45 crore in the last five quarters, showing a negative trend in the near term.
The company's Earnings per Share (EPS) for the quarter was at its lowest at Rs 7.08, indicating a decline in profitability and lower earnings for shareholders. Based on these financial results, MarketsMOJO has given a 'Hold' call for India Gelatine's stock.
Investors and experts are advised to closely monitor the company's financial performance in the upcoming quarters to assess any improvements or changes in the company's performance. This news article is for informational purposes only and does not recommend any action or investment in India Gelatine & Chemicals.
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