Kanoria Chemicals and Industries Q3 Result 2024: Date and Time, Share Price and Target

News: Kanoria Chemicals and Industries, a prominent player in the chemical industry, recently released its financial results for the third quarter of 2024. Let’s dive into the details of their performance during this period.

Date and Time of Announcement

The eagerly awaited Q3 results are scheduled to be announced on February 14, 2024. Investors, analysts, and stakeholders are keen to learn about the company’s financial health and growth trajectory.

Financial Highlights

Here are the key highlights from Kanoria Chemicals and Industries’ Q3 results:

1. Total Income: The company reported a total income of Rs 144.51 crore, reflecting a 16.39% decrease compared to the previous quarter. This figure represents the overall revenue generated during the three-month period.
2. EBIT (Earnings Before Interest and Taxes): Despite challenges, the company managed to achieve an EBIT of Rs -0.64 crore. EBIT is a crucial metric that indicates operational profitability.
3. Profit After Tax (PAT): Kanoria Chemicals and Industries recorded a PAT of Rs -2.71 crore. While negative, it’s essential to consider the broader industry context and any exceptional circumstances.

Share Price and Target

Investors are closely monitoring the share price movement following the Q3 results. The company’s stock (BSE: 506525 | NSE: KANORICHEM) closed at Rs 130.60 on January 25, 2024, with a 1.66% decline. Analysts will analyze this data to assess the stock’s performance against market trends.

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As for the target, experts will evaluate the company’s financials, growth prospects, and industry dynamics to provide informed recommendations. Investors should keep an eye out for updates on the stock’s target price.

Company Profile

• Founding: Kanoria Chemicals and Industries was established in the year 1960.
• Business Segments: The company operates in various segments, including chemicals, textiles, and real estate.
• Product Range: Their product portfolio includes formaldehyde, hexamine, and specialty chemicals used in diverse applications.

Financial Performance

• Revenue: Kanoria Chemicals and Industries has consistently generated revenue through its chemical and textile businesses.
• Profitability: The company’s financial health is closely monitored by investors and analysts. Their Q3 2024 results provide insights into their performance during that period.

Sustainability Initiatives

• Environment: Kanoria Chemicals emphasizes sustainable practices, minimizing environmental impact.
• Safety: The company prioritizes employee safety and adheres to industry standards.

Kanoria Chemicals and Industries’ Q3 results offer valuable insights into their financial performance. Investors and stakeholders should consider these figures in the broader context of market conditions and industry trends. Stay tuned for further analysis and expert opinions as the company navigates the challenging business landscape.

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