Pyramid Technoplast's Q2 2024 Financial Results Show Negative Performance, Advised to Hold Stock
Pyramid Technoplast, a microcap company in the plastic products industry, reported a negative performance in the second quarter of fiscal year 2024-2025. Its score has fallen from 0 to -9, indicating a decline in financial health. Key metrics such as PBT, PAT, and EPS have also decreased, suggesting a downward trend in profitability. Investors are advised to hold their stock and monitor the company's performance.
Pyramid Technoplast, a microcap company in the plastic products industry, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.
According to the financial report, Pyramid Technoplast has seen a negative performance in the second quarter of the fiscal year 2024-2025. The company's score has fallen from 0 to -9 in the last three months, indicating a decline in its financial health.
The company's Profit Before Tax (PBT) less Other Income for the quarter was Rs 6.77 crore, which is a decrease of 22.3% compared to the average PBT of the previous four quarters. This trend is expected to continue in the near term. Similarly, the Profit After Tax (PAT) for the quarter was Rs 5.71 crore, a decline of 21.6% compared to the average PAT of the previous four quarters.
Pyramid Technoplast's Operating Profit Margin for the quarter was at its lowest in the last five quarters, at 7.11%. This indicates a deterioration in the company's efficiency. Additionally, the PBT less Other Income for the quarter was also at its lowest in the last five quarters, further highlighting the negative trend in the company's financial performance.
The company's Earnings per Share (EPS) for the quarter was also at its lowest in the last five quarters, at Rs 1.55. This indicates a decline in profitability and lower earnings for shareholders.
Overall, Pyramid Technoplast's financial results for the quarter ending September 2024 have been negative, with a decline in key financial metrics. Investors are advised to hold their stock and monitor the company's performance in the near future.
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