NCL Industries Reports Significant Decline in Q2 2024 Financial Results

Nov 09 2024 04:55 PM IST
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NCL Industries, a microcap company in the cement industry, reported a significant decline in its financial performance for the quarter ending September 2024. The company's net sales, profit before tax, and profit after tax have all seen a sharp decline compared to the previous four quarters. This trend is expected to continue in the near term.

NCL Industries, a microcap company in the cement industry, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Strong Sell' call by MarketsMOJO.

According to the financial report, NCL Industries has seen a significant decline in its performance during the second quarter of the fiscal year 2024-2025. The company's score has fallen from -8 to -20 in the last three months, indicating a very negative trend.

One of the major factors contributing to this decline is the decrease in net sales, which have fallen by 24.3% to Rs 330.38 crore compared to the average net sales of the previous four quarters, which was Rs 436.43 crore. This trend is expected to continue in the near term.

The company's profit before tax less other income (PBT) has also seen a sharp decline of 46.8% to Rs 13.41 crore, compared to the average PBT of the previous four quarters, which was Rs 25.19 crore. Similarly, the profit after tax (PAT) has fallen by 66.8% to Rs 6.23 crore, compared to the average PAT of the previous four quarters, which was Rs 18.78 crore.

NCL Industries' net sales and operating profit (PBDIT) for the quarter were the lowest in the last five quarters, indicating a negative trend in the near term. The company's PBT was also the lowest in the last five quarters.

The earnings per share (EPS) for the quarter were also at its lowest at Rs 0.55, indicating a decline in profitability and lower earnings for shareholders.

Overall, NCL Industries has seen a negative trend in its financial performance for the quarter ending September 2024. Investors should carefully consider this information before making any investment decisions.
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