Kay Power &Paper's Q2 financial report shows mixed results, with flat performance and declining sales.

Nov 16 2024 05:20 PM IST
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Kay Power &Paper, a microcap company in the paper and paper products industry, reported flat performance in the second quarter of fiscal year 2024-2025. While the company's PAT has increased and sales have surpassed the previous year's, there has been a decline in net sales and EPS. Investors should carefully analyze the financials before making any investment decisions.

Kay Power &Paper, a microcap company in the paper and paper products industry, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Strong Sell' rating by MarketsMOJO.

According to the financial report, Kay Power &Paper's performance in the second quarter of the fiscal year 2024-2025 has remained flat, with no significant changes in the last three months. However, there are some positive and negative aspects to the company's financials.

On the positive side, the company's Profit After Tax (PAT) for the nine-month period ending September 2024 has increased to Rs 0.73 crore, compared to Rs 0.62 crore in the previous 12-month period. This indicates a growth in profitability and the company has already surpassed its sales from the previous year in just nine months.

On the other hand, the company's Net Sales for the quarter have decreased by 8.9% to Rs 8.80 crore, compared to the average Net Sales of the previous four quarters which was Rs 9.66 crore. This shows a negative trend in sales in the near term. Additionally, the company's Earnings per Share (EPS) for the quarter is at its lowest in the last five quarters, at Rs 0.01. This indicates a decline in profitability and lower earnings for shareholders.

Despite these mixed results, Kay Power &Paper remains a microcap company in the paper and paper products industry. Investors should carefully consider all the financial information before making any investment decisions.
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