Jindal Poly Investment & Finance Company Reports Mixed Results for Q1 2024

Aug 14 2024 09:08 PM IST
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Jindal Poly Investment & Finance Company, a microcap finance and NBFC company, reported a negative performance in the quarter ending March 2024 with a score of -8. However, there was growth in Profit Before Tax and Profit After Tax, while Net Sales showed a significant decline. Investors should carefully evaluate these results before making any decisions.
Jindal Poly Investment & Finance Company, a microcap finance and NBFC company, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Jindal Poly Inve has shown a negative performance in the quarter, with a score of -8, which is an improvement from the previous quarter's score of -14. However, there are some positive aspects to the company's financials.

The Profit Before Tax less Other Income (PBT) for the quarter was Rs 56.71 crore, showing a growth of 34.51% compared to the same period last year. The near-term trend for PBT is positive. Similarly, the Profit After Tax (PAT) for the quarter was Rs 55.95 crore, with a growth of 34.7% compared to the previous year. The near-term trend for PAT is also positive.

On the other hand, the Net Sales for the half-yearly period was Rs 21.94 crore, showing a decline of 97.60% compared to the same period last year. The near-term trend for sales is very negative.

Overall, Jindal Poly Investment & Finance Company has shown mixed results in its financial performance for the quarter ending March 2024. Investors should carefully consider these factors before making any investment decisions.
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