Nahar Industrial Enterprises Reports Mixed Performance in Q1 2024 Financial Results.

Nahar Industrial Enterprises, a microcap textile company, has recently declared its financial results for the quarter ending March 2024. The company has received a 'Strong Sell' stock call from MarketsMOJO.

According to the financial report, Nahar Indl. Ent. has shown a flat performance in the quarter, with a score of 2 which has improved from -9 in the last 3 months. However, there are some positive aspects to the company's financials.

The Profit Before Tax less Other Income (PBT) has shown a significant growth of 240.7% compared to the average PBT of the previous four quarters. The Profit After Tax (PAT) has also seen a growth of 846.7% compared to the average PAT of the previous four quarters. The Operating Profit (PBDIT) has been the highest in the last five quarters and the Operating Profit Margin has also improved, indicating an increase in efficiency.

The company has also shown a positive trend in its PBT and PAT in the near term. The Earnings per Share (EPS) has also been the highest in the last five quarters, showing an increase in profitability and creating higher earnings for shareholders.

However, there are some areas that need improvement. The interest cost has increased by 35.14% quarter on quarter, indicating a rise in borrowings. The non-operating income is also high, which is not a sustainable business model.

Overall, Nahar Industrial Enterprises has shown a mixed performance in the quarter ending March 2024. Investors should carefully consider these factors before making any investment decisions.