Wim Plast's Q2 FY24-25 financial results show decline in key areas, receives 'Hold' call from MarketsMOJO

Wim Plast, a microcap company in the plastic products industry, recently declared its financial results for the quarter ending September 2024. According to the data released on November 13, 2024, the company's stock has been given a 'Hold' call by MarketsMOJO.

The financial performance of Wim Plast for the quarter Q2 FY24-25 has been negative, with a score of -10 compared to 7 in the previous quarter. This indicates a decline in the company's financial health in the last three months.

Some key areas that have contributed to this negative performance include a decrease in Profit After Tax (PAT) by 22% year on year, a decline in Profit Before Tax less Other Income (PBT) by 14.05% year on year, and a decrease in Net Sales, which is at its lowest in the last five quarters.

The company's Operating Profit (PBDIT) has also seen a decline, with the lowest figure in the last five quarters. This has resulted in a decrease in the Operating Profit Margin, indicating a deterioration in the company's efficiency.

Moreover, the company's Non Operating Income is 43.48% of its Profit Before Tax, which suggests that a significant portion of its income is coming from non-business activities. This is not a sustainable business model in the long run.

Additionally, the company's Earnings per Share (EPS) have also decreased, indicating a decline in profitability and lower earnings for shareholders.

Overall, Wim Plast's financial performance for the quarter has been negative, and the company's stock has been given a 'Hold' call by MarketsMOJO. Investors are advised to carefully consider these factors before making any investment decisions.