Multibase India's Q1 FY25 financial results show positive sales and operating profit trends

Aug 08 2024 10:01 PM IST
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Multibase India, a petrochemical microcap company, has reported its highest net sales, operating profit, and PBT in the last five quarters for the quarter ending March 2024. However, a significant portion of its income comes from non-business activities, and its financial performance has been declared as flat. MarketsMojo has given a 'Sell' call for its stock.

Multibase India, a microcap company in the petrochemical industry, has recently announced its financial results for the quarter ending March 2024. The company’s net sales for the quarter were at its highest in the last five quarters, reaching Rs 19.23 crore. This shows a positive trend in the company’s sales performance in the near term.

Furthermore, Multibase India’s operating profit (PBDIT) for the quarter was also at its highest in the last five quarters, at Rs 3.60 crore. This indicates a positive trend in the company’s operating profit in the near term.


The company’s profit before tax less other income (PBT) for the quarter was also at its highest in the last five quarters, at Rs 3.33 crore. This shows a positive trend in the company’s PBT in the near term.


However, Multibase India’s non-operating income for the quarter was 36.69% of its PBT. This means that a significant portion of the company’s income is coming from non-business activities, which may not be a sustainable business model.


Despite this, Multibase India’s financial performance for the quarter ending March 2024 has been declared as flat. The company’s score has improved from -1 to 2 in the last three months, indicating some positive changes in its financials.


MarketsMOJO has given a ‘Sell’ call for Multibase India’s stock based on its financial performance. Investors should carefully consider this information before making any investment decisions.


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