NTC Industries Reports Mixed Performance in Q1 FY25 Financial Results
NTC Industries, a microcap company in the cigarettes/tobacco industry, recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.
According to the financial report, NTC Industries has shown a flat performance in the quarter, with a score of -2 compared to -1 in the previous quarter. However, there are some positive aspects to the company’s financials. The Profit After Tax (PAT) for the half-yearly period has grown by 58.97% year on year, indicating a strong trend in the near term.
On the other hand, there are also some areas of concern for NTC Industries. The Net Sales for the quarter have fallen by -37.15% year on year, and the Profit Before Tax less Other Income (PBT) has also decreased by -49.78% year on year. This suggests a negative trend in the near term for both sales and PBT.
Additionally, the company’s Cash and Cash Equivalents for the half-yearly period are at its lowest in the last six periods, indicating a deteriorating short-term liquidity situation.
Overall, NTC Industries has shown a mixed performance in the quarter ending June 2024. While there are some positive aspects to its financials, there are also some areas of concern. Investors are advised to hold their positions and closely monitor the company’s performance in the coming quarters.
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