NCL Industries reports strong growth in PAT, but PBT shows decline

NCL Industries, a microcap cement company, has recently declared its financial results for the quarter ended March 2024. The company has shown a positive performance in terms of its financials, with a score of 6 out of 11 in the last 3 months.

One of the key highlights of NCL Industries' financials is its Half Yearly Profit After Tax (PAT), which has grown by 62.11% year on year to reach Rs 48.60 crore. This indicates a strong and consistent growth in the company's profitability. Additionally, the near term trend for PAT is also very positive.

However, the company's Profit Before Tax less Other Income (PBT) for the quarter has fallen by -11.8% compared to the average PBT of the previous four quarters. This could be a cause for concern for investors, as the near term trend for PBT is also negative.

Despite these mixed results, MarketsMOJO has given a 'Sell' call for NCL Industries' stock. This could be due to various factors such as market conditions, industry trends, and company-specific factors.

Overall, NCL Industries has shown a positive financial performance in the quarter ended March 2024, with a strong growth in PAT. However, investors should carefully consider all factors before making any investment decisions.