N G Industries Reports Flat Financial Performance for Q1, But Sees Growth in PAT

N G Industries, a microcap healthcare services company, has recently declared its financial results for the quarter ended March 2024. The company has reported a flat financial performance for the quarter, with a score of -1, which is an improvement from the previous quarter's score of -10.

One of the key highlights of the financial results is the growth in Profit After Tax (PAT) for the quarter. The company's PAT for the quarter stood at Rs 1.94 crore, which is a significant increase of 82.6% compared to the average PAT of the previous four quarters, which was Rs 1.06 crore. This indicates a positive trend in the company's near-term profitability.

However, there is one aspect of the financial results that is not working in favor of N G Industries. The company's Non-Operating Income for the quarter is 82.74% of the Profit Before Tax (PBT). This means that a significant portion of the company's income is coming from non-business activities, which may not be a sustainable business model in the long run.

Despite the mixed financial performance, MarketsMOJO has given a 'Sell' call for N G Industries' stock. This indicates that the company's stock may not be a good investment option at the moment. Investors should carefully consider all the financial aspects of the company before making any investment decisions.