Prima Industries' Operating Profit Margin Hits Record Low Amid Rising Costs
Operating Profit Margin - Half Yearly: Lowest at 0.00% in the last six half yearly periods. Company's profitability has been impacted due to rising costs.Prima Industries, a microcap company in the solvent extraction industry, recently announced its financial results for the quarter ending June 2024. The company's performance has remained flat, with a score of 0 compared to -3 in the previous quarter.
According to the financials, Prima Industries has seen a decline in its cash and cash equivalents, with only Rs 0.01 crore in the last six half-yearly periods. This has resulted in a deterioration of short-term liquidity for the company. Additionally, the debtors turnover ratio has also decreased to 23.35 times, indicating a slower pace of settling debts.
The company's operating profit margin has also been impacted, with the lowest recorded at 0.00% in the last six half-yearly periods. This can be attributed to rising costs, affecting the company's profitability.
MarketsMOJO, a leading financial analysis platform, has given a 'Sell' call for Prima Industries' stock based on these financial results. The company's performance in the quarter has not been favorable, and investors are advised to exercise caution while considering this stock.
Prima Industries has yet to show significant growth and improvement in its financials, and it remains to be seen how the company will perform in the upcoming quarters.
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