Kanchi Karpooram Reports Strong Financial Performance in Q2 2024, Receives 'Hold' Call from MarketsMOJO.

Kanchi Karpooram, a microcap company in the chemicals industry, has recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financials, Kanchi Karpooram has shown a very positive performance in the second quarter of the fiscal year 2024-2025. The company's score has improved from 16 to 26 in the last three months.

One of the key factors contributing to this positive performance is the significant growth in Profit Before Tax less Other Income (PBT) which has increased by 417.2% to Rs 8.74 crore compared to the average PBT of the previous four quarters which was Rs 1.69 crore. This trend is expected to continue in the near term.

Similarly, the Profit After Tax (PAT) has also shown a significant growth of 285.5% to Rs 7.16 crore compared to the average PAT of the previous four quarters which was Rs 1.86 crore. The company's Operating Profit (PBDIT) has also been consistently growing in the last five quarters, indicating a positive trend.

Kanchi Karpooram's efficiency has also improved as seen in the Operating Profit Margin which has reached its highest at 20.91% and has been growing each quarter in the last five quarters.

The company's sales have also shown a positive trend with the Net Sales reaching its highest at Rs 46.53 crore in the last five quarters. This is a growth of 33.9% compared to the average Net Sales of the previous four quarters which was Rs 34.75 crore.

Kanchi Karpooram's profitability has also increased as seen in the Earnings per Share (EPS) which has reached its highest at Rs 16.50 in the last five quarters.

However, the company's Debtors Turnover Ratio has been the lowest at 8.67 times in the last five half-yearly periods, indicating a slower pace in settling its debtors.

Overall, Kanchi Karpooram has shown a strong financial performance in the quarter ending September 2024, with positive trends in key financial indicators. Investors are advised to hold their stock in the company, as suggested by MarketsMOJO.