Are Nitta Gelatin latest results good or bad?
Nitta Gelatin's latest results are negative, with net sales declining to Rs 129.17 crore, the lowest in five quarters, and a decrease in both Profit Before Tax and Profit After Tax by 9.6% and 8.5%, respectively, indicating challenges in profitability and operational performance.
Nitta Gelatin India has reported its financial results for the quarter ending March 2025, which indicate a challenging operational environment. The company's net sales for the quarter reached Rs 129.17 crore, marking a decline compared to previous periods and representing the lowest sales figure in the last five quarters. This suggests a negative trend in sales performance.Profit Before Tax (PBT) for the quarter was recorded at Rs 18.92 crore, reflecting a decline of 9.6% when compared to the average PBT from the previous four quarters. This downturn points to a negative trend in profitability for the company. Additionally, the Profit After Tax (PAT) was reported at Rs 16.75 crore, which is an 8.5% decrease from the average PAT over the same prior period.
The financial metrics also reveal a decline in operating profit margins, with the operating profit margin (excluding other income) decreasing to 17.72%. The consolidated net profit showed a significant decline of 19.68% compared to the previous quarter.
Overall, the company saw an adjustment in its evaluation, reflecting the challenges faced in its financial performance during this period.
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