Pakka's Q3 Financial Results Show Mixed Performance, Investors Advised to Hold Position

Pakka, a smallcap company in the paper and paper products industry, recently declared its financial results for the quarter ending September 2024. The stock has been given a 'Hold' call by MarketsMOJO.

The company's financial performance for the quarter has remained flat, with a score of -1 compared to -21 in the previous quarter. However, there have been some positive developments in the company's financials.

Pakka's Profit After Tax (PAT) for the quarter has shown a significant growth of 79.4% compared to the average PAT of the previous four quarters. The company's Net Sales for the quarter have also been the highest in the last five quarters, indicating a positive trend in sales. Similarly, the Operating Profit (PBDIT) and PAT for the quarter have also been the highest in the last five quarters, showing a positive trend in profitability.

On the other hand, there are some areas that need improvement for Pakka. The company's interest cost has increased by 33.57% compared to the previous half-yearly period, indicating increased borrowings. The Debtors Turnover Ratio for the half-yearly period has also been the lowest in the last five periods, suggesting a slower pace in settling debts. Additionally, the company's non-operating income for the quarter has been the highest in the last five quarters, but it may not be sustainable in the long run.

Overall, Pakka's financial performance for the quarter has been mixed, with some positive and negative aspects. Investors are advised to hold their position in the stock and keep an eye on the company's future developments.