Indo Borax & Chemicals Reports Decline in Financial Performance, Receives 'Sell' Call from MarketsMOJO

Indo Borax & Chemicals, a microcap company in the chemicals industry, recently announced its financial results for the quarter ending March 2024. The results, declared on May 25, 2024, have received a 'Sell' call from MarketsMOJO.

According to the financial report, Indo Borax & Chemicals has seen a negative performance in the quarter, with a score of -7. However, this is an improvement from the previous quarter's score of -19.

The company's Profit After Tax (PAT) for the half-yearly period has shown a decline of 25.35% year on year, standing at Rs 19.67 crore. The near-term trend for PAT is also negative. Similarly, the Net Sales for the quarter have fallen by 9.9% compared to the average of the previous four quarters, standing at Rs 45.46 crore. The near-term trend for sales is also negative.

One positive aspect in the financial report is the Non-Operating Income, which has shown an increase of Rs 3.36 crore in the last five quarters. However, experts suggest that this increase may not be sustainable as it comes from non-business activities.

Overall, the financial performance of Indo Borax & Chemicals for the quarter ending March 2024 has not been favorable. Investors are advised to take note of the negative trends and the 'Sell' call from MarketsMOJO before making any investment decisions.