Promact Impex Q1 Results Reports Net Loss of Rs. 15.25 Lakh with Total Income of Rs. 6.83 Lakh

Promact Impex Q1 Results: Promact Impex has released its Q1 results for the financial year 2024-2025, showing a significant decline in its financial performance.

The company reported a total income of Rs. 6.83 lakh for the quarter ending on June 30, 2024, compared to Rs. 107.70 lakh in the previous quarter, reflecting a quarter-on-quarter (QoQ) decline of approximately 93.7%.

The revenue from operations remained stagnant with no income recorded from product sales, similar to the previous quarter. The company's primary income sources included godown rent, contributing around 97%, while interest received on fixed deposits and other income made up the remaining 3%.

Expenses for the quarter totaled Rs. 22.08 lakh, up from Rs. 17.90 lakh in the last quarter, indicating an increase of about 23.3% QoQ. Due to the rise in expenses and lack of revenue growth, Promact Impex reported a net loss of Rs. 15.25 lakh, a sharp contrast to the profit of Rs. 86.95 lakh in the quarter ended March 31, 2024.

The results highlight the continued challenges faced by the company in sustaining its core operations, which remain inactive, relying instead on income from rentals and interest.

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Promact Impex Q1 Results 2024 - 2025

Promact Impex has announced its Q1 financial results for the year 2024-2025, revealing a challenging quarter for the company. The total income for the quarter significantly dropped, while expenses increased, leading to a net loss. Below is a summary of the key financial figures for Q1 2024-2025.

Source: Here

Promact Impex Current Market Overview

Promact Impex is currently trading at ₹11.8 per share, reflecting a decrease of 3.28%. The company's market capitalization stands at ₹7.67 crore, with a stock price that has fluctuated between a high of ₹18.8 and a low of ₹6.04 over the year.

The stock has a price-to-earnings (P/E) ratio of 10.7, while its book value is negative at -₹3.01, indicating potential financial challenges. Promact Impex does not offer a dividend yield, but its Return on Capital Employed (ROCE) is strong at 63.0%, suggesting efficient use of capital despite recent setbacks.

Quarterly Results

Here are the recent quarterly results for Promact Impex, focusing on the periods from December 2023 to June 2024. The table highlights the company's sales, expenses, operating profit, and other key financial metrics during these quarters.

About Promact Impex 

Promact Impex, incorporated in 1985, is a company engaged in the import and export of various products such as agro commodities, minerals, and metals. It also specializes in manufacturing and supplying packaging materials like HDPE and PP woven sacks, tarpaulins, and other plastic bags used for packing fertilizers, chemicals, cement, textiles, and more.

In recent years, the company has discontinued its core business operations and is now primarily focused on generating income through trading, renting its godown, and earning interest from financial deposits. Despite these changes, Promact Impex continues to adapt and explore new avenues for sustaining its business.

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