Naturite Agro's Q3 Financial Report Shows Mixed Results, PAT Grows by 153.68%

Naturite Agro Products, a microcap company in the chemicals industry, recently announced its financial results for the quarter ending September 2024. The stock call by MarketsMOJO for Naturite Agro is 'Sell'.

According to the financial report, Naturite Agro's performance for the quarter was flat, with a score of 0 compared to 13 in the previous 3 months. However, there are some positive aspects to the company's financials. The Profit After Tax (PAT) for the nine-month period has shown a significant growth of 153.68% year on year, with a total of Rs 1.53 crore. This trend is very positive for the company. Additionally, the PAT for the nine-month period is higher at Rs 1.53 crore compared to the preceding 12-month period, which was at Rs -2.80 crore. This indicates that the company has already surpassed its sales from the previous year in just nine months.

On the other hand, there are some areas that need improvement for Naturite Agro. The Net Sales for the nine-month period have shown a decline of -36.21% year on year, indicating a negative trend in the near term. The Operating Profit (PBDIT) for the quarter was at its lowest in the last five quarters, at Rs -1.47 crore. Similarly, the Profit Before Tax less Other Income (PBT) for the quarter was also at its lowest in the last five quarters, at Rs -1.53 crore. This shows a negative trend in the near term for the company's operating profit and profitability. The Earnings per Share (EPS) for the quarter was also at its lowest in the last five quarters, at Rs -2.89, indicating a decline in profitability and lower earnings for shareholders.

Overall, Naturite Agro's financial performance for the quarter ending September 2024 has been mixed, with some positive and negative aspects. Investors should carefully consider these factors before making any investment decisions.