Nutech Global's Q1 2024 Financial Results Show Mixed Performance, Receives 'Sell' Call from MarketsMOJO.
Nutech Global, a microcap company in the textile industry, recently announced its financial results for the quarter ending March 2024. The results, declared on August 8th, have received a 'Sell' call from MarketsMOJO.
The company's financial performance for the quarter has been flat, with a score of -3 compared to 8 in the previous quarter. However, there are some positive aspects to note from the financials. Nutech Global has shown a significant improvement in its Debtors Turnover Ratio, with the highest ratio of 16.44 times in the last five half-yearly periods. This indicates that the company has been able to settle its debtors faster.
On the other hand, there are some concerning factors in the financials as well. The company's Operating Profit (PBDIT) for the quarter is at its lowest in the last five quarters, at Rs 0.11 crore. This shows a negative trend in the near term. Similarly, the Operating Profit Margin for the quarter is also at its lowest in the last five quarters, indicating a decline in the company's efficiency.
Moreover, the Profit Before Tax less Other Income (PBT) for the quarter is also at its lowest in the last five quarters, at Rs -0.22 crore. This trend is also negative in the near term. Additionally, the company's Earnings per Share (EPS) for the quarter is at its lowest in the last five quarters, at Rs -0.66. This shows a decline in profitability and lower earnings for shareholders.
Overall, Nutech Global's financial performance for the quarter ending March 2024 has been mixed, with some positive and negative aspects. Investors should carefully consider these factors before making any investment decisions.
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