Kay Power &Paper's Q1 2024 Financial Report Shows Mixed Results
Kay Power &Paper, a microcap company in the paper and paper products industry, 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, Kay Power &Paper's performance for the quarter has been flat, with a score of 3 out of 10, a decrease from the previous score of 6 in the last 3 months. However, there are some positive aspects to the company's financials.
The net sales for the half-yearly period have shown a growth of 36.29% year on year, reaching Rs 21.37 crore. This indicates a positive trend in the company's sales in the near term. Additionally, the profit after tax for the half-yearly period is higher at Rs 0.70 crore compared to the previous 12 months, which was Rs 0.62 crore. This shows that the company has already surpassed its profit from the previous year in just half a year.
On the other hand, there are some areas of concern in Kay Power &Paper's financials. The operating profit for the quarter is at its lowest in the last five quarters, at Rs -1.22 crore. This indicates a negative trend in the near term. The operating profit margin for the quarter is also at its lowest in the last five quarters, at -12.03%. This shows a decline in the company's efficiency.
Furthermore, the profit before tax less other income for the quarter is at its lowest in the last five quarters, at Rs -1.61 crore. The company's non-operating income is also high, at 4,125.00% of the profit before tax. This suggests that the company's income from non-business activities is not sustainable in the long run.
Overall, Kay Power &Paper's financial performance for the quarter ending March 2024 has been mixed, with some positive and negative aspects. Investors should carefully consider these factors before making any investment decisions.
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