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The stock witnessed value buying after sliding 12.14% in the past three sessions.
The company today announced that its consolidated net profit rose 3.07% to Rs 18.12 crore on 13.07% decline in net sales to Rs 242.18 crore in Q2 September 2023 over Q2 September 2022.
Profit before tax stood at Rs 24.85 crore in the Q2FY24, up 3% YoY and down 15.39% QoQ.
Total expenses fell 16.5% to Rs 206.78 crore in Q2 FY24 over Q2 FY23. During the quarter, cost of materials consumed stood at Rs 134.62 crore (down 18.2% YoY) while employee benefits expense was at Rs 21.43 crore (up 3.6% YoY).
Net cash flow from operating activities stood at Rs 23.86 crore as on 30 September 2023, higher than Rs 23.31 crore as on 30 September 2022.
Punjab Chemicals & Crop Protection produces various agrotechnicals, agroformulations, APIs, pharmaceutical intermediates, phosphorous derivatives and speciality chemicals.
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