Styrenix Performance Materials Reports Positive Q2 Results, Operating Profit at 5-Year High

Styrenix Performance Materials, a smallcap company in the plastic products industry, has recently announced its financial results for the quarter ending September 2024. The stock has been given a 'Hold' call by MarketsMOJO.

According to the financials, Styrenix Performance Materials has shown positive performance in the second quarter of the fiscal year 2024-2025. The company's score has improved from 16 to 7 in the last three months.

One of the key factors contributing to this positive performance is the company's operating profit (PBDIT) which has been the highest in the last five quarters at Rs 98.81 crore. The operating profit margin has also seen an improvement, reaching its highest at 15.13%. This indicates that the company's efficiency has improved.

The profit before tax (PBT) has also shown a positive trend, with the highest at Rs 88.04 crore in the last five quarters. This is a growth of 34.1% over the average PBT of the previous four quarters. Similarly, the profit after tax (PAT) has also seen a growth of 38.9% over the average of the previous four quarters.

On the other hand, there are some areas that need improvement for Styrenix Performance Materials. The operating cash flow has been falling each year in the last three years, with the lowest at Rs 216.29 crore. The company's short-term liquidity is also deteriorating, with the lowest cash and cash equivalents at Rs 44.38 crore in the last six half-yearly periods.

In conclusion, Styrenix Performance Materials has shown positive financial results for the quarter ending September 2024. However, there are some areas that need improvement for the company to sustain its growth in the long term. Investors are advised to hold their stocks for now, as recommended by MarketsMOJO.