Tijaria Polypipe's Q3 Financial Results Decline

Tijaria Polypipe, a microcap company in the plastic products industry, recently declared its financial results for the quarter ended September 2023. According to the analysis by MarketsMOJO, the stock call for Tijaria Polypipe is 'Sell'.

In the quarter ended September 2023, the company saw a decline of -100.00% in net sales compared to the previous quarter. However, the standalone net profit showed a growth of 22.35%. The operating profit (PBDIT) excluding other income also showed a positive growth of 94.74% compared to the previous quarter.

One positive aspect for Tijaria Polypipe is its operating profit, which has been the highest in the last five quarters. The near-term trend for operating profit is also positive. Similarly, the profit before tax (PBT) and profit after tax (PAT) have also shown positive growth in the quarter ended September 2023.

However, the company's debtors turnover ratio has been consistently decreasing in the last five half-yearly periods. This indicates a slower pace in settling its debtors.

Overall, Tijaria Polypipe's financial performance for the quarter ended September 2023 has been flat. The company's score has also fallen from 4 to 1 in the last three months. Investors should carefully consider these factors before making any investment decisions.