Styrenix Performance Materials Reports Positive Growth in Financial Results for Q1 2024

May 06 2024 04:45 PM IST
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Styrenix Performance Materials, a smallcap company in the plastic products industry, reported a flat performance in the quarter ending March 2024 with a score of 4. However, the company's Profit After Tax (PAT) for the nine-month period has increased by 46.22% year on year, indicating a positive trend. The company's stock has been given a 'Hold' call by MarketsMojo.
Styrenix Performance Materials Reports Positive Growth in Financial Results for Q1 2024
Styrenix Performance Materials, a smallcap company in the plastic products industry, has recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, Styrenix Performance Materials has shown a flat performance in the quarter, with a score of 4 compared to -5 in the previous 3 months. However, there are some positive aspects to the company's financials.

One of the key highlights is the growth in Profit After Tax (PAT) for the nine-month period, which has increased by 46.22% year on year. This is a significant improvement and shows a positive trend in the near term. Additionally, the company's PAT for the nine-month period is higher at Rs 140.72 crore compared to the preceding 12-month period ending March 2024, which was Rs 128.68 crore. This indicates that the company has already surpassed its sales from the previous 12 months in just nine months.

Overall, Styrenix Performance Materials has shown a stable financial performance in the quarter ending March 2024. While the stock has been given a 'Hold' call by MarketsMOJO, investors can keep an eye on the company's future financial reports to track its progress.
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