Punjab Chemicals & Crop Protection Ltd Share Price – NSE  /  BSE

Agro Chemicals, Small Cap

Punjab Chemicals & Crop Protection will hold a meeting of the Board of Directors of the Company on 6 May 2024.

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Net profit of Punjab Chemicals & Crop Protection declined 44.17% to Rs 11.20 crore in the quarter ended December 2023 as against Rs 20.06 crore during the previous quarter ended December 2022. Sales declined 17.77% to Rs 214.16 crore in the quarter ended December 2023 as against Rs 260.45 crore during the previous quarter ended December 2022.

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Punjab Chemicals & Crop Protection will hold a meeting of the Board of Directors of the Company on 6 February 2024.

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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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