Pondy Oxides & Chemicals' Q2 FY25 financial results show strong growth and receive 'Buy' call from MarketsMOJO

Pondy Oxides & Chemicals, a smallcap company in the chemicals industry, has recently declared its financial results for the quarter ending September 2024. The company has received a ‘Buy’ call from MarketsMOJO, indicating a positive outlook for the stock.

The financial performance of Pondy Oxides for the quarter has been very positive, with a significant improvement in its score from 10 to 22 in the last three months. This is a result of various factors that have contributed to the company’s success.

One of the key highlights of the financial results is the growth in Profit Before Tax (PBT) less Other Income, which has increased by 55.9% to Rs 20.64 crore compared to the average PBT of the previous four quarters at Rs 13.24 crore. This indicates a very positive trend in the near term for PBT.

Similarly, the Profit After Tax (PAT) for the quarter has also shown a significant increase, reaching its highest at Rs 15.26 crore. This is a result of consistent growth in each quarter of the last five quarters, with a near term PAT trend that is very positive. The PAT has also grown by 49.9% over the average PAT of the previous four quarters at Rs 10.18 crore.

The company’s Net Sales for the quarter have also seen a positive trend, reaching its highest at Rs 579.11 crore in the last five quarters. This is a growth of 39.4% over the average Net Sales of the previous four quarters at Rs 415.42 crore, indicating a positive near term sales trend.

Pondy Oxides has also shown a strong performance in terms of Operating Profit (PBDIT), with the highest at Rs 28.80 crore in the last five quarters. This indicates a positive trend in the near term for Operating Profit.

Overall, the company’s financial results for the quarter have been very promising, with a positive trend in key areas such as PBT, PAT, Net Sales, and Operating Profit. This has resulted in a higher Earnings per Share (EPS) of Rs 11.71, indicating increasing profitability and creating higher earnings for shareholders. With a ‘Buy’ call from MarketsMOJO, Pondy Oxides & Chemicals is definitely a company to watch out for in the chemicals industry.