Kanchi Karpooram Reports Flat Financials, But Shows Positive Growth Potential

The chemical company, Kanchi Karpooram, has recently announced its financial results for the quarter ending March 2024. According to the report released on May 30, 2024, the company has seen a flat performance in terms of financials. However, there has been a slight improvement in the overall score, which has gone up from -9 to -5 in the last three months.

Despite the flat performance, there are some positive aspects to note from the financial report. Kanchi Karpooram has recorded its highest operating profit (PBDIT) in the last five quarters, standing at Rs 2.97 crore. The near-term trend for operating profit is also positive. Similarly, the company's profit before tax (PBT) less other income has also shown improvement, reaching its highest at Rs 2.26 crore in the last five quarters. The near-term trend for PBT is also positive. Additionally, the profit after tax (PAT) has also seen a positive trend, with its highest at Rs 2.29 crore in the last five quarters. The earnings per share (EPS) have also increased, reaching its highest at Rs 5.28 in the last five quarters. This indicates that the company has been able to generate higher earnings for its shareholders.

However, there are some areas that need improvement for Kanchi Karpooram. The net sales for the half-yearly period have shown a decline of -21.41% year on year, standing at Rs 78.98 crore. The near-term trend for sales is also negative. Despite this, the company remains a 'Hold' call by MarketsMOJO, indicating that it has potential for growth in the future. With a microcap size, Kanchi Karpooram has shown resilience in its financial performance and has the potential to continue its positive trend in the coming quarters.