Nagreeka Exports shows strong net sales growth, but PAT and PBDIT decline
Nagreeka Exports, a microcap trading company, has reported a 48.92% increase in net sales for the quarter ending March 2024. However, the profit after tax has decreased by 60.36% and the operating profit margin has also declined. MarketsMojo has given a 'Hold' call for the company's stock, indicating potential investment opportunities.
Nagreeka Exports, a microcap trading company, has recently declared its financial results for the quarter ending March 2024. According to the data, the company has shown positive performance in terms of net sales, which have grown by 48.92% year on year. This is a significant improvement from the previous quarter, where the company had a score of 7 out of 10.
However, there are some areas of concern for Nagreeka Exports. The profit after tax (PAT) for the quarter has decreased by 60.36% year on year, indicating a negative trend in the near term. The operating profit (PBDIT) for the quarter is also at its lowest in the last five quarters, and the operating profit margin has also decreased, showing a decline in the company's efficiency.
Despite these challenges, MarketsMOJO has given a 'Hold' call for Nagreeka Exports' stock. This means that while the company's financial performance may have some weaknesses, it is still a viable investment option. Investors should carefully consider all the financial data before making any decisions.
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