Nakoda Group's Q3 Financial Results Decline
Nakoda Group of Industries, a microcap FMCG company, recently declared its financial results for the quarter ended September 2023. The company's net sales for the quarter showed a growth of 36.92% compared to the previous quarter, but it was still lower than the average net sales of the previous four quarters. The standalone net profit for the quarter saw a significant decline of 406.25% compared to the previous quarter.
According to MarketsMOJO, a leading financial analysis firm, the stock call for Nakoda Group is currently 'Strong Sell'. The company's operating profit (PBDIT) excluding other income also saw a decline of 92.38% compared to the previous quarter. The interest expenses for the quarter also showed a negative growth of 15.52%.
The operating profit margin (excluding other income) for the quarter has fallen from the previous quarter, indicating a decrease in the company's efficiency. Overall, Nakoda Group has seen a negative financial performance in the quarter ended September 2023, with a score of -7 compared to -5 in the last three months.
The company's net sales, operating profit, operating profit margin, and earnings per share have all shown a declining trend in the last five quarters. This indicates that the company's financial performance has not been favorable for shareholders. However, it is important to note that this is a fact-based analysis and does not include any future potential or expert opinions. Investors are advised to do their own research before making any investment decisions.
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