Tuticorin Alkali Chemicals & Fertilizers Reports Decline in Sales and Profit for Q2 2024

Nov 14 2024 09:48 AM IST
share
Share Via
Tuticorin Alkali Chemicals & Fertilizers, a smallcap company in the chemicals industry, reported a decline in net sales and profit after tax for the half-yearly period ending September 2024. However, the company's score has improved slightly in the last three months, indicating efforts to improve performance. Investors should closely monitor the company's progress.
Tuticorin Alkali Chemicals & Fertilizers, a smallcap company in the chemicals industry, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Tuticorin Alkali has seen a negative performance in the second quarter of the fiscal year 2024-2025. However, there has been a slight improvement in the company's score, which has gone from -21 to -9 in the last three months.

The company's net sales for the half-yearly period stood at Rs 146.74 crore, showing a decline of 22.02% compared to the same period last year. This indicates a negative trend in the company's sales in the near term. Similarly, the profit after tax (PAT) for the half-yearly period was Rs 27.17 crore, showing a decline of 29.41% compared to the previous year. The near term trend for PAT is also negative.

Based on these financials, it can be observed that Tuticorin Alkali is facing challenges in terms of sales and profitability. However, the company is taking steps to improve its performance and the recent improvement in its score is a positive sign. Investors are advised to closely monitor the company's progress and make informed decisions.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News