Syschem (India) Reports Mixed Performance in Q1 2024 Financial Results

May 06 2024 09:10 PM IST
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Syschem (India), a microcap company in the chemicals industry, reported its financial results for the quarter ending March 2024. The company's net sales have increased by 52.75% year on year, the highest in the last five quarters. However, the Profit Before Tax and Profit After Tax have shown a decline, with a negative near-term trend. The company's stock has been given a 'Hold' call by MarketsMojo.

Syschem (India), a microcap company in the chemicals industry, 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, Syschem (India) has shown a flat performance in the last quarter, with a score of 3 compared to -3 in the previous quarter. However, there are some positive aspects to the company's performance.

The net sales for the quarter have grown by 52.75% year on year, reaching Rs 74.71 crore. This is the highest net sales in the last five quarters, indicating a positive trend in the company's sales. Additionally, the near-term sales trend is also very positive.

On the other hand, there are some areas where Syschem (India) needs to improve. The Profit Before Tax less Other Income (PBT) for the quarter has fallen by -52.28% year on year, and the near-term trend is very negative. Similarly, the Profit After Tax (PAT) for the nine-month period has also shown a decline of -71.32% year on year, with a negative near-term trend. The company's Earnings per Share (EPS) for the quarter is at its lowest in the last five quarters, at Rs -0.07. This indicates a declining profitability and lower earnings for shareholders.

Overall, Syschem (India) has shown a mixed performance in the last quarter, with some positive and negative aspects. Investors are advised to hold their stock and keep an eye on the company's future financial reports for a better understanding of its performance.
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