Jindal Poly Film's Q4 results show mixed performance, with rising interest cost
Jindal Poly Film, a smallcap company in the plastic products industry, has reported its financial results for the quarter ending March 2024. Despite a flat performance, the company's net sales have shown improvement and are at their highest in the last five quarters. However, the rising interest cost is a concern for investors.
Jindal Poly Film, a smallcap company in the plastic products industry, has recently declared its financial results for the quarter ending March 2024. According to the data released on May 31, 2024, the company's stock has been given a 'Sell' call by MarketsMOJO.
Despite a flat financial performance in the quarter, Jindal Poly Film has shown improvement with a score of 0, compared to -16 in the previous 3 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 trend for the company's near-term sales.
In addition, the company's net sales for the quarter have grown by 20.2% compared to the average net sales of the previous four quarters, which were at Rs 895.76 crore. This also indicates a positive trend for the company's near-term sales.
However, Jindal Poly Film's 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 increased borrowings for the company.
Overall, Jindal Poly Film's financial results for the quarter ending March 2024 show a mixed performance. While the company has shown improvement in its net sales, the rising interest cost is a cause for concern. Investors are advised to carefully consider these factors before making any investment decisions.
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