Jindal Poly Film's Q1 financial results show mixed performance, with positive sales trend.
Jindal Poly Film, a smallcap company in the plastic products industry, has reported its financial results for the quarter ended March 2024. The company's net sales have increased by 20.2% compared to the previous four quarters, while interest costs have also risen. MarketsMojo has given a 'Hold' call for the company's stock.
Jindal Poly Film, a smallcap company in the plastic products industry, has recently declared its financial results for the quarter ended March 2024. According to the data released on August 14, 2024, the company's stock has been given a 'Hold' call by MarketsMOJO.
The financial performance of Jindal Poly Film for the quarter has remained flat, with a score of 0 compared to -16 in the previous quarter. However, there has been an improvement in the score in the last three months.
The company's net sales for the quarter were at its highest in the last five quarters, standing at Rs 1,076.56 crore. This is a positive sign for the company, as the near-term sales trend is also positive. The net sales have also grown by 20.2% over the average net sales of the previous four quarters, which were at Rs 895.76 crore.
On the other hand, the interest cost for the half-yearly period has increased by 76.97% compared to the previous period, standing at Rs 109.26 crore. This signifies an increase in borrowings for the company.
Overall, Jindal Poly Film's financial results for the quarter ended March 2024 show a mixed performance, with positive sales trends but a rise in interest costs. Investors are advised to hold their position in the company's stock, as suggested by MarketsMOJO.
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