Nikhil Adhesives Reports Mixed Performance in Q2 2024 Financial Results
Nikhil Adhesives, a microcap company in the chemicals industry, reported a flat performance in the second quarter of fiscal year 2024-2025. While the company's score has fallen, its Profit After Tax and Earnings per Share have shown positive trends. However, the increase in interest cost may have a negative impact on the company's financials. Investors should carefully evaluate all aspects before making any investment decisions.
Nikhil Adhesives, a microcap company in the chemicals industry, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.
According to the financial report, Nikhil Adhesives has seen a flat performance in the second quarter of the fiscal year 2024-2025. The company's score has fallen from 10 to 5 in the last three months. However, there are some positive aspects to the company's financials.
The Profit After Tax (PAT) for the quarter was the highest in the last five quarters at Rs 4.59 crore. This shows a positive trend in the near term for the company's profitability. Additionally, the Earnings per Share (EPS) for the quarter was also the highest in the last five quarters at Rs 1.00. This indicates that the company has been able to create higher earnings for its shareholders.
On the other hand, the company's interest cost has increased by 23.77% over the preceding nine months period. This signifies that the company has taken on more borrowings, which may have a negative impact on its financials.
Overall, Nikhil Adhesives has shown a mixed performance in the recent quarter. Investors should carefully consider all aspects of the company's financials before making any investment decisions.
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