India Nippon Electricals Reports Strong Financial Results for Q3 2024

India Nippon Electricals, a smallcap auto ancillary company, recently announced its financial results for the quarter ending September 2024. The company has shown positive performance in this quarter, with its score improving from 6 to 17 in the last 3 months, according to MarketsMOJO.

One of the key factors contributing to this positive performance is the company's net sales, which have reached a five-quarter high of Rs 209.85 crore. The sales trend in the near term is also positive. Additionally, the company's operating profit (PBDIT) has also reached a five-quarter high of Rs 23.61 crore, with a positive trend in the near term. This indicates an improvement in the company's efficiency.

Moreover, India Nippon Electricals has also shown a positive trend in its profit before tax (PBT) less other income, with a five-quarter high of Rs 19.56 crore. This is a growth of 35.7% over the average PBT of the previous four quarters. The company's profit after tax (PAT) has also seen a positive trend, with a five-quarter high of Rs 21.16 crore. This is a growth of 24.1% over the average PAT of the previous four quarters.

In terms of earnings per share (EPS), India Nippon Electricals has shown a five-quarter high of Rs 9.35, indicating an increase in profitability and higher earnings for shareholders. With these positive financial results, the stock call for India Nippon Electricals by MarketsMOJO is 'Hold'.