Shree Hari Chemicals Export Announces Mixed Financial Results for Q1 2024
Shree Hari Chemicals Export, a microcap company in the chemicals industry, reported its financial results for the quarter ending March 2024. While there was a slight improvement in profitability, with a higher PAT compared to the previous 12 months, there was a decline in net sales by 10.5%. Investors should carefully evaluate these mixed results before making any investment decisions.
Shree Hari Chemicals Export, a microcap company in the chemicals industry, recently announced its financial results for the quarter ending March 2024. The results, declared on August 12, 2024, have received a 'Sell' call from MarketsMOJO.
According to the financial report, Shree Hari Chemicals Export has seen a flat performance in the quarter, with a score of 5 compared to 13 in the previous 3 months. However, there are some positive aspects to the company's financials.
The company's Profit After Tax (PAT) for the half-yearly period is higher at Rs 0.49 crore compared to the preceding 12-month period ended June 2024, which was at Rs -1.31 crore. This indicates an improvement in the company's profitability, as it has already surpassed its PAT for the previous 12 months in just half a year.
On the other hand, the company's Net Sales for the quarter have fallen by 10.5% at Rs 30.87 crore compared to the average Net Sales of the previous four quarters, which was at Rs 34.48 crore. This shows a negative trend in the company's sales in the near term.
Overall, Shree Hari Chemicals Export's financial performance for the quarter ending March 2024 has been mixed, with some positive and negative aspects. Investors should carefully consider these factors before making any investment decisions.
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