Neil Industries Reports Decline in Financial Performance for Q1 FY25

Aug 12 2024 08:15 AM IST
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Neil Industries, a microcap textile company, reported a flat performance in the quarter ending March 2024 with a score of -3 compared to 3 in the previous quarter. The company's operating profit and profit before tax have been the lowest in the last five quarters, while the earnings per share have also declined. The company will need to address these challenges for future growth.

Neil Industries, a microcap textile company, recently announced its financial results for the quarter ending March 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.

According to the financial report, Neil Industries has experienced a flat performance in the quarter, with a score of -3 compared to 3 in the previous quarter. This decline in score can be attributed to various factors.


One of the main areas of concern for the company is its operating profit (PBDIT), which has been the lowest in the last five quarters at Rs 0.55 crore. The near-term trend for operating profit is also negative, indicating potential challenges for the company in the coming months.


Similarly, the profit before tax less other income (PBT) has also been the lowest in the last five quarters at Rs 0.42 crore. This trend is also negative, suggesting a decline in profitability for the company.


The earnings per share (EPS) for the quarter have also been the lowest in the last five quarters at Rs 0.16. This indicates a decline in profitability and lower earnings for shareholders.


Overall, the financial results for the quarter ending March 2024 have not been favorable for Neil Industries. The company will need to address these challenges and work towards improving its financial performance in the future.


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