Laffans Petrochemicals Reports Mixed Financial Results for December 2024 Quarter

Jan 27 2025 07:16 PM IST
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Laffans Petrochemicals has released its financial results for the quarter ending December 2024, revealing a 36.63% year-on-year increase in net sales, totaling Rs 5.67 crore. While operating profit improved, the profit after tax declined significantly, indicating ongoing challenges within the company's financial landscape.
Laffans Petrochemicals has recently reported its financial results for the quarter ending December 2024, showcasing a mix of trends within its performance metrics. The company, operating in the chemicals industry and categorized as a microcap, has experienced notable developments in its financial score, reflecting an adjustment in evaluation from the previous period.

In terms of net sales, Laffans Petrochemicals reported a half-yearly figure of Rs 5.67 crore, indicating a year-on-year growth of 36.63%. This positive trend in sales suggests a strengthening demand for the company's products. Additionally, the operating profit for the quarter reached its highest level in five quarters at Rs -0.49 crore, signaling an upward movement in operational performance.

However, not all aspects of the financial results were favorable. The profit after tax (PAT) showed a significant decline, recorded at Rs -2.04 crore, which represents a substantial drop compared to the average PAT of the previous four quarters. This decline highlights challenges that the company is currently facing.

Overall, Laffans Petrochemicals has undergone a revision in its score, reflecting the complexities of its financial landscape.

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