NDR Auto Components Reports Positive Q2 Results, Receives 'Hold' Call from MarketsMOJO

NDR Auto Components, a smallcap company in the auto ancillary industry, has recently declared its financial results for the quarter ending September 2024. The company has received a 'Hold' call from MarketsMOJO, a leading financial analysis platform.

According to the financial report, NDR Auto Components has shown positive performance in the second quarter of the fiscal year 2024-25. The company's score has improved from 12 to 14 in the last three months, indicating a positive trend.

One of the key factors contributing to this growth is the company's net sales, which have increased by 21.14% year on year, reaching Rs 345.54 crore in the first half of the year. The near-term sales trend is also positive, indicating a promising future for the company.

NDR Auto Components has also shown a significant improvement in its operating profit, with the highest PBDIT (Profit Before Depreciation, Interest, and Taxes) of Rs 17.35 crore in the last five quarters. The company's operating profit margin has also increased to 9.96%, showcasing improved efficiency.

In terms of profitability, NDR Auto Components has recorded its highest PBT (Profit Before Tax) of Rs 14.56 crore and PAT (Profit After Tax) of Rs 11.94 crore in the last five quarters. This indicates a positive trend in the company's near-term profitability.

However, the company's non-operating income has also increased, with the highest recorded at Rs 1.34 crore in the last five quarters. This may not be sustainable in the long run, and the company needs to focus on its core business activities for sustained growth.

Overall, NDR Auto Components has shown a positive financial performance in the second quarter of FY24-25, with promising growth potential in the near future. Investors are advised to hold their positions in the company's stock, as recommended by MarketsMOJO.