Inox India Reports Flat Performance in Q3, Net Sales Reach 5-Quarter High
Inox India, a midcap engineering company, has reported a flat performance for the quarter ending September 2024. The company's net sales have shown a positive trend, but its dividend payout ratio is the lowest in five years. Non-operating income has increased, but experts have given a 'Sell' call for the stock.
Inox India, a midcap engineering company, has recently declared its financial results for the quarter ending September 2024. The company has reported a flat performance for the quarter, with a score of 0 compared to -1 in the previous quarter.
According to the financials, Inox India has shown a positive trend in its net sales for the quarter, with the highest sales of Rs 306.56 crore in the last five quarters. However, the company's dividend payout ratio (DPR) for the year has been the lowest in the last five years, indicating a lower distribution of profits as dividends.
On the other hand, Inox India has also seen an increase in its non-operating income for the quarter, with the highest amount of Rs 13.44 crore in the last five quarters. However, experts at MarketsMOJO have given a 'Sell' call for the company's stock.
Despite the mixed financial performance, Inox India remains a strong player in the engineering industry, with a midcap size. Investors should keep a close eye on the company's future financial results to make informed decisions.
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