Sonal Adhesives Shows Slight Improvement in Q3

Sonal Adhesives, a microcap company in the plastic products industry, has recently declared its financial results for the quarter ended September 2023. According to the analysis by MarketsMOJO, the stock call for Sonal Adhesives is 'Sell'.

In the quarter ended September 2023, Sonal Adhesives saw a growth of 28.32% in net sales compared to the previous quarter, which had a decline of -3.32%. However, the standalone net profit remained flat with 0.00% growth, as opposed to the 9.37% growth in the previous quarter. The operating profit (PBDIT) excluding other income also showed a decline of -19.72% compared to the previous quarter's decline of -52.35%. The interest remained unchanged, but the operating profit margin (excluding other income) fell from the previous quarter.

Despite the flat financial performance, Sonal Adhesives has shown some positive trends in its sales. The net sales for the quarter were the highest in the last five quarters, with a growth of 29.41% year on year. This indicates a positive trend in the near term for the company.

However, the profit after tax (PAT) for the nine months period has shown a decline of -70.04% year on year, indicating a negative trend in the near term.

Overall, Sonal Adhesives has seen a slight improvement in its financial performance in the quarter ended September 2023, with a positive trend in net sales. However, the decline in PAT is a cause for concern and investors may want to keep an eye on the company's future financial results.