Syschem (India) Reports Mixed Financial Results for Q2 2024, with Decline in Profitability and Efficiency

Nov 09 2024 05:30 PM IST
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Syschem (India), a microcap company in the chemicals industry, reported a flat performance in the second quarter of fiscal year 2024-2025 with a score of -3. However, net sales showed a positive trend with a growth of 28.05% year on year. On the other hand, profit before tax and operating cash flow have declined, indicating a negative trend in profitability and cash revenues. The company's operating profit margin and operating profit have also been falling, showing a decline in efficiency. With the lowest earnings per share in the past five quarters, investors should carefully consider these financials before making any investment decisions.

Syschem (India), a microcap company in the chemicals industry, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Strong Sell' rating by MarketsMOJO.

According to the financial report, Syschem (India) has seen a flat performance in the second quarter of the fiscal year 2024-2025, with a score of -3 compared to 0 in the previous quarter. However, there are some positive aspects to the company's financials.

The net sales for the quarter were Rs 47.52 crore, showing a growth of 28.05% year on year. This indicates a positive trend in the company's sales in the near term. However, there are also some areas of concern.

The profit before tax less other income (PBT) for the quarter was Rs -0.64 crore, showing a decline of -157.14% year on year. This is a very negative trend in the near term for the company's profitability. Additionally, the operating cash flow for the year was at its lowest at Rs -25.65 crore, and has been falling each year for the past three years. This indicates a decline in the company's cash revenues from business operations.

The operating profit margin for the quarter was also at its lowest at 0.15%, and has been falling each quarter for the past five quarters. This shows a deterioration in the company's efficiency. The operating profit (PBDIT) for the quarter was also at its lowest at Rs 0.07 crore in the past five quarters, indicating a negative trend in the near term.

Overall, Syschem (India) has shown a decline in profitability and efficiency in the past few quarters. The company's earnings per share (EPS) for the quarter were at its lowest at Rs -0.16, showing a decline in profitability and lower earnings for shareholders. Investors should carefully consider these financials before making any investment decisions.
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