Multibase India Reports Record High Profits in Q3 2024 Financial Results

Multibase India, a leading player in the petrochemicals industry, has recently announced its financial results for the quarter ending September 2024. The company has shown a positive performance in this quarter, with its score improving from 2 to 11 in the last 3 months.

One of the key highlights of the financial report is the company's operating profit (PBDIT) for the quarter, which stands at a record high of Rs 4.04 crore. This is a significant increase from the previous quarter and shows a positive trend in the company's near-term operating profit. Similarly, the profit before tax (PBT) less other income has also seen a growth in each of the last five quarters, with the current quarter's PBT standing at Rs 3.74 crore. This indicates a very positive trend in the company's near-term PBT.

Multibase India has also shown improvement in its operating profit margin, which is at its highest in the last five quarters at 21.93%. This reflects the company's increased efficiency in its operations. The profit after tax (PAT) for the quarter is also at its highest in the last five quarters, standing at Rs 4.29 crore. This shows a positive trend in the company's near-term PAT.

The company's earnings per share (EPS) for the quarter is also at its highest in the last five quarters, at Rs 3.40. This indicates that the company has been able to generate higher earnings for its shareholders. Additionally, Multibase India has also distributed a higher dividend per share (DPS) of Rs 3.00 in the last five years, showcasing its commitment to sharing profits with its shareholders.

However, there are some areas that need improvement for Multibase India. The company's operating cash flow for the year is at its lowest in the last three years, standing at Rs 4.55 crore. This indicates a decline in the company's cash revenues from business operations. Moreover, the non-operating income for the quarter is 35.07% of the PBT, which is a cause for concern as it shows a high reliance on non-business activities for income.

Overall, Multibase India has shown a positive financial performance in the quarter ending September 2024. With its increasing profitability and commitment to sharing profits with shareholders, the company is poised for growth in the petrochemicals industry.