Prima Plastics Reports Mixed Financial Results Amidst Sales Growth and Profit Decline in December 2024

Feb 12 2025 10:51 PM IST
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Prima Plastics announced its financial results for the quarter ending December 2024, revealing net sales of Rs 51.25 crore, the highest in five quarters. However, the company faced challenges with a 31.18% year-on-year decline in Profit Before Tax and a 47.46% decrease in Profit After Tax for the half-year period.
Prima Plastics, a microcap company in the plastic products industry, recently reported its financial results for the quarter ending December 2024. The results indicate a complex financial landscape for the company. Notably, net sales reached Rs 51.25 crore, marking the highest figure in the last five quarters, suggesting a positive near-term sales trend.

However, the financial performance also reveals challenges. The Profit Before Tax (PBT) for the quarter was recorded at Rs 5.74 crore, reflecting a decline of 31.18% year on year. This indicates a very negative near-term trend for PBT. Additionally, the Profit After Tax (PAT) for the half-year period stood at Rs 6.10 crore, which represents a significant year-on-year decrease of 47.46%, further underscoring the negative near-term trend in profitability.

In light of these results, Prima Plastics has experienced an adjustment in its evaluation, with its score shifting from -10 to -8 over the past three months. This revision highlights the ongoing complexities in the company's financial performance.

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