Jyoti Resins and Adhesives Reports Positive Financial Results for Q1 2024
Jyoti Resins and Adhesives, a smallcap company in the chemicals industry, has reported positive financial results for the quarter ending March 2024. The company's net sales have reached a five-quarter high of Rs 71.24 crore, while its profit after tax and earnings per share have also shown an upward trend. However, MarketsMojo has given a 'Sell' call for the company's stock.
Jyoti Resins and Adhesives, a smallcap company in the chemicals industry, has recently announced its financial results for the quarter ending March 2024. The company has shown positive performance in this quarter, with its score falling from 9 to 7 in the last 3 months according to MarketsMOJO.One of the key highlights of the financial report is the company's net sales, which have reached a five-quarter high of Rs 71.24 crore. This indicates a positive trend in the company's sales in the near term. Additionally, Jyoti Resins has also reported its highest quarterly profit after tax (PAT) of Rs 18.77 crore in the last five quarters. This shows a positive trend in the company's profitability in the near term.
Moreover, the company's earnings per share (EPS) have also reached a five-quarter high of Rs 15.64. This indicates that Jyoti Resins has been able to create higher earnings for its shareholders, showcasing its increasing profitability.
Overall, Jyoti Resins and Adhesives has shown a strong financial performance in the quarter ending March 2024. However, it is important to note that MarketsMOJO has given a 'Sell' call for the company's stock. Investors should carefully consider this information before making any investment decisions.
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