Jubilant Industries Shows Positive Financial Performance in Q1 2024 Despite 'Sell' Stock Call.
Jubilant Industries, a smallcap company in the pesticides and agrochem industry, has shown positive financial performance in the quarter ending March 2024. Despite a 'Sell' stock call by MarketsMojo, the company has shown growth in Profit Before Tax, Profit After Tax, Net Sales, and Earnings per Share. However, investors should also consider the company's slow pace of settling its Debtors.
Jubilant Industries, a smallcap company in the pesticides and agrochem industry, has recently declared its financial results for the quarter ending March 2024. According to MarketsMOJO, a leading financial analysis platform, the stock call for Jubilant Industries is 'Sell'.
Despite this, the company has shown positive financial performance in the quarter, with a score of 15 compared to -1 in the previous quarter. This improvement can be attributed to several factors, including a significant growth of 87.4% in Profit Before Tax less Other Income (PBT) compared to the average of the previous four quarters. The company's ability to manage interest payments has also improved, with the Operating Profit to Interest ratio being the highest in the last five quarters.
Furthermore, the company's Profit After Tax (PAT) has also shown a positive trend, with a growth of 60.9% compared to the average of the previous four quarters. This is reflected in the highest Net Sales of Rs 358.14 crore in the last five quarters, indicating a positive sales trend. The Operating Profit (PBDIT) and Operating Profit Margin have also shown improvement, with the highest values in the last five quarters.
Jubilant Industries has also shown an increase in Earnings per Share (EPS), indicating higher profitability and value for shareholders. Additionally, the company has been reducing its borrowing as compared to equity capital, with the Debt-Equity Ratio being the lowest in the last five half yearly periods.
However, the company's pace of settling its Debtors has slowed, with the Debtors Turnover Ratio being the lowest in the last five half yearly periods.
Overall, Jubilant Industries has shown positive financial performance in the quarter ending March 2024, with improvements in various key indicators. However, investors should consider the 'Sell' stock call by MarketsMOJO and the company's slow pace of settling its Debtors before making any investment decisions.
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