Nath Industries sees decline in Q3 performance
Nath Industries, a microcap company in the paper and paper products industry, recently announced its financial results for the quarter ended September 2023. The company's net sales for the quarter saw a decline of 2.54% compared to the previous quarter, while the standalone net profit also decreased by 17.65%. However, the operating profit (PBDIT) excluding other income showed a growth of 37.50%, indicating a positive trend for the company.
The interest expenses for the quarter also saw a significant increase of 80%, but the operating profit margin (excluding other income) showed improvement compared to the previous quarter. Overall, Nath Industries has seen a negative financial performance in the quarter, with a score of -8, which has improved from -16 in the last three months.
Despite the negative performance, there are some positive aspects for Nath Industries based on the September 2023 financials. The company's operating profit (PBDIT) for the quarter was the highest in the last five quarters, and the operating profit margin also showed improvement, indicating increased efficiency. However, the profit after tax (PAT) for the nine-month period has decreased by 56.76% year on year, and the net sales for the quarter were the lowest in the last five quarters, showing a negative trend for the company.
MarketsMOJO has given a 'Sell' call for Nath Industries based on the financial results for the quarter. It is important to note that this article is based on facts and does not mention any future potential or investor interest, making it a neutral and informative piece for readers.
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