Saboo Sodium Chloro reports strong financial results for Q1 2024.
Saboo Sodium Chloro, a microcap company in the FMCG industry, has announced its financial results for the quarter ending June 2024. Despite being rated as 'Strong Sell' by MarketsMojo, the company has shown significant growth in Profit Before Tax and Profit After Tax, as well as a 39.16% increase in Net Sales. Cash and Cash Equivalents have also improved, indicating a positive trend for Saboo Sodium.
Saboo Sodium Chloro, a microcap company in the FMCG industry, has recently announced its financial results for the quarter ending June 2024. The results have been declared on August 12, 2024.According to MarketsMOJO, a leading financial analysis platform, the stock call for Saboo Sodium is currently 'Strong Sell'. However, the company has shown positive financial performance in the quarter, with a significant improvement in its overall score from 3 to 18 in the last 3 months.
The company's Profit Before Tax (PBT) has seen a remarkable growth of 11471.4% in the quarter, reaching Rs 1.99 crore compared to an average PBT of Rs -0.02 crore in the previous four quarters. This indicates a very positive trend in the near term for PBT.
Similarly, the Profit After Tax (PAT) has also shown a significant growth of 798.9% in the quarter, with a PAT of Rs 2.00 crore compared to an average of Rs 0.22 crore in the previous four quarters. This also reflects a positive trend in the near term for PAT.
In terms of sales, Saboo Sodium has recorded a growth of 39.16% Year on Year (YoY) in its Net Sales for the half-yearly period, reaching Rs 33.97 crore. This indicates a positive trend in the near term for sales.
The company's Cash and Cash Equivalents have also shown improvement, with the highest amount of Rs 14.77 crore in the last six half-yearly periods. This indicates an improvement in short-term liquidity for Saboo Sodium.
Overall, Saboo Sodium's financial results for the quarter ending June 2024 have shown positive growth and improvement in key areas. This reflects the company's strong performance and potential for future growth in the FMCG industry.
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