Yash Chemex Shows Positive Growth in Q2 FY25 Financial Results Despite 'Strong Sell' Rating
Yash Chemex, a microcap company in the chemicals industry, recently announced its financial results for the quarter ending September 2024. The company’s stock has been given a ‘Strong Sell’ rating by MarketsMOJO.
According to the financial report, Yash Chemex’s performance for the quarter was flat, with a score of -3. However, this is an improvement from the previous quarter’s score of -12. The company’s profit after tax (PAT) for the half-yearly period was Rs 1.57 crore, which is higher than the preceding 12-month period of Rs -0.28 crore. This indicates a positive growth trend for the company.
In terms of net sales, Yash Chemex has shown a growth of 28.45% year on year, with quarterly sales reaching Rs 24.47 crore. This is a positive sign for the company’s near-term sales trend.
Yash Chemex’s financial results demonstrate its resilience and potential for growth in the chemicals industry. With a strong focus on improving its financial performance, the company is poised for future success. However, it is important to note that MarketsMOJO has given a ‘Strong Sell’ rating for the company’s stock, indicating caution for potential investors.
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