Clean Science & Technology has reported a substantial decline in its key financial metrics for Q3 2023, according to data released on the National Stock Exchange (NSE). The company's net sales plummeted by 26.83% to Rs 181.12 crore from Rs 247.51 crore in Q3 2022.
The company's quarterly net profit also experienced a significant drop, decreasing by nearly a quarter to Rs 52.19 crore from Rs 67.94 crore in the same quarter of the previous year. This decrease was mirrored in the company's total income, which fell to Rs 187.12 crore from the previous year's September income of Rs 250.31 crore.
In addition to these decreases, EBITDA was down by roughly a fifth to Rs 80.84 crore from Rs 100.29 crore recorded in Q3 2022, while EPS decreased to Rs 4.91 from Rs 6.40 in the same period last year.
The company's shares were trading at 1,345.30 on November 01, 2023, reflecting a negative return of -8.41% over the preceding six months and -15.60% over the last year.
In a comparative analysis of Clean Science and Technology Limited's financial results for the period ending September 30, 2023, both profit and income decreases were notable. The net profit plunged to Rs 52.18 crore from June's Rs 58.94 crore and the previous year's September figure of Rs 67.94 crore.
Likewise, a significant decrease was reported in the half-year total income and net profit compared to the previous year's figures, indicating a challenging financial period for the company.
InvestingPro Insights
InvestingPro's real-time data and tips provide valuable insights into Clean Science & Technology's recent performance. According to InvestingPro, the company has experienced a significant return over the last week, despite a generally volatile stock price. However, the company's return on invested capital remains low, and analysts do not foresee profitability this year.
InvestingPro data reveals a market cap of 856.19M USD, a P/E ratio of -11.22, and a PEG ratio of 0.15 as of Q2 2023. The company's revenue for the last twelve months as of Q2 2023 was 462.17M USD, with a revenue growth of 28.83%.
InvestingPro's additional tips, which number over eight for Clean Science & Technology, can be accessed through the InvestingPro platform. These insights can provide a more comprehensive understanding of the company's financial health, aiding investors in making informed decisions.
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