Tainwala Chemicals & Plastics (India) Reports Mixed Performance in Q1 FY25 Financial Results
Net Profit – Quarterly: At Rs -0.08 cr has Declined at -105.26 % Year on Year (YoY).Near term Net Profit trend is negative.
Tainwala Chemicals & Plastics (India), a microcap company in the plastic products industry, recently declared its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.
According to the financial report, Tainwala Chem. has shown a flat performance in the quarter, with no significant changes in the last three months. However, there are some positive aspects to the company’s financials.
One of the highlights is the company’s operating cash flow, which has been consistently high at Rs 0.84 crore in the last three years. This indicates that the company has been able to generate higher cash revenues from its business operations.
In addition, the operating profit (PBDIT) for the quarter was at its highest in the last five quarters, at Rs 0.28 crore. This shows a positive trend in the near term for the company’s operating profit.
Similarly, the profit before tax less other income (PBT) for the quarter was also at its highest in the last five quarters, at Rs 0.18 crore. This indicates a positive trend in the near term for the company’s PBT.
Another positive aspect is the company’s debtors turnover ratio, which was at its highest in the last five half yearly periods at 43.98 times. This shows that the company has been able to settle its debtors faster.
However, there are also some areas of concern for Tainwala Chem. The net sales for the nine-month period have shown a decline of -58.80% year on year, indicating a very negative trend in the near term. Similarly, the net profit for the quarter has also declined by -105.26% year on year, showing a negative trend in the near term.
Overall, Tainwala Chemicals & Plastics (India) has shown a mixed performance in the quarter ending June 2024. Investors should carefully consider these financials before making any investment decisions.
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