N G Industries' Q3 Financial Results Decline

Nov 14 2023 12:00 AM IST
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N G Industries, a microcap healthcare services company, reported a decline in net sales and standalone net profit for the quarter ended September 2023. However, there was a slight growth in operating profit and a significant decline in interest expenses. The company's financial performance has been negative, with a 'Sell' stock call from MarketsMojo.

N G Industries, a microcap healthcare services company, has recently declared its financial results for the quarter ended September 2023. The company's net sales for the quarter saw a decline of -4.42% compared to the previous quarter, while the standalone net profit also decreased by -68.47%. However, the operating profit (PBDIT) excluding other income showed a slight growth of 1.92% compared to the previous quarter.

The company's interest expenses also saw a significant decline of -100.00% in the quarter ended September 2023. This has resulted in an improvement in the operating profit margin (excluding other income) compared to the previous quarter.

According to MarketsMOJO, a leading financial analysis platform, the stock call for N G Industries is 'Sell'. The company's financial performance for the quarter has been negative, with a score of -7 compared to 11 in the previous quarter.

However, there are some positive aspects to N G Industries' financials. The company has shown a strong operating cash flow annually, with the highest amount of Rs 3.16 crore in the last three years. The operating profit (PBDIT) for the quarter also saw a positive trend, with the highest amount of Rs 0.53 crore in the last five quarters.

On the other hand, there are some areas of concern for N G Industries. The profit after tax (PAT) for the quarter has fallen by -73.0% compared to the average of the previous four quarters. The earnings per share (EPS) for the quarter also saw a decline, with the lowest amount of Rs 1.91 in the last five quarters.

Overall, N G Industries' financial performance for the quarter ended September 2023 has been negative. Investors should carefully consider these factors before making any investment decisions.
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