Ultramarine & Pigments Reports Negative Financial Performance in Q1 2024
Ultramarine & Pigments, a smallcap company in the dyes and pigments industry, reported a negative financial performance for the quarter ending March 2024. The company's PAT and PBDIT have decreased, while its operating efficiency and profitability have also declined. Investors should carefully evaluate these factors before making any investment decisions.
Ultramarine & Pigments, a smallcap company in the dyes and pigments industry, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.
According to the financial report, Ultramarine & Pigments has seen a negative performance in the quarter, with a score of -8, which has improved from -11 in the previous three months. This indicates that the company's financial health has deteriorated.
One of the major factors contributing to this decline is the company's Profit After Tax (PAT), which has shown a decrease of 27.12% year on year, standing at Rs 23.81 crore. The near-term trend for PAT is also negative. Similarly, the Operating Profit (PBDIT) for the quarter is at its lowest in the last five quarters, at Rs 19.77 crore. This indicates a negative trend in the company's operating efficiency.
The Operating Profit Margin for the quarter is also at its lowest in the last five quarters, standing at 14.58%. This shows a decline in the company's efficiency. Additionally, the Profit Before Tax less Other Income (PBT) for the quarter is at its lowest in the last five quarters, at Rs 12.27 crore. The near-term trend for PBT is also negative.
The company's Earnings per Share (EPS) for the quarter is at its lowest in the last five quarters, at Rs 3.72. This indicates a decline in profitability and lower earnings for shareholders.
Overall, Ultramarine & Pigments has shown a negative financial performance in the quarter ending March 2024. Investors should carefully consider these factors before making any investment decisions.
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