Nicco Parks & Resorts Reports Strong Financial Growth in Q1 2024

May 03 2024 07:15 PM IST
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Nicco Parks & Resorts, a leading player in the amusement parks and clubs industry, has reported its financial results for the quarter ended March 2024. Despite a flat performance, the company's Profit Before Tax and Profit After Tax have shown significant growth, indicating a positive outlook for the near future.
Nicco Parks & Resorts, a leading player in the amusement parks and clubs industry, has recently announced its financial results for the quarter ended March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Nicco Parks has shown a flat performance in the quarter, with a score of 3 compared to -2 in the previous quarter. However, there are some positive aspects to the company's financials.

One of the key highlights is the growth in Profit Before Tax less Other Income (PBT) which has increased by 40.25% year on year, reaching Rs 5.54 crore. The near-term trend for PBT is also very positive. Similarly, the Profit After Tax (PAT) has also shown a growth of 35.3% year on year, with Rs 4.94 crore. The near-term trend for PAT is also positive.

Overall, Nicco Parks has shown a stable financial performance in the quarter ended March 2024. The company's PBT and PAT have both shown significant growth, indicating a positive outlook for the near future. Investors can keep an eye on the company's progress in the coming quarters.
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