Shree Hari Chemicals Export Reports Strong Financial Performance in March 2024 Quarter

Shree Hari Chemicals Export, a microcap company in the chemicals industry, has recently announced its financial results for the quarter ending March 2024. According to the latest report, the stock call for Shree Hari Chemicals Export by MarketsMOJO is 'Sell'.

Despite the negative stock call, the company has shown positive financial performance in the quarter. In the last 3 months, the company's score has fallen from 18 to 13, indicating a slight decline. However, there are some key factors that are working in favor of Shree Hari Chemicals Export based on its March 2024 financials.

One of the major highlights is the company's Profit After Tax (PAT) for the half-yearly period, which has shown a significant growth of 112.07% year on year (YoY) at Rs 1.32 crore. This is a very positive trend for the company. Additionally, the PAT for the half-yearly period is higher at Rs 1.32 crore compared to the preceding 12-month period ended March 2024, which was at Rs -12.03 crore. This indicates that in just half a year, the company has already surpassed its PAT for the entire previous year.

Another positive aspect is the company's Net Sales for the nine-monthly period, which has grown at 27.79% YoY at Rs 108.52 crore. This shows a positive trend in the company's near-term sales.

Overall, Shree Hari Chemicals Export has shown promising financial results for the quarter ending March 2024. However, it is important to note that the stock call by MarketsMOJO is 'Sell', and investors should do their own research and analysis before making any investment decisions.