N K Industries Reports Mixed Financial Results for Q1 FY25

Aug 02 2024 06:33 PM IST
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N K Industries, a microcap company in the solvent extraction industry, reported a flat performance in the quarter ended March 2024 with a score of -2. However, the company's half-yearly PAT has shown growth compared to the previous year. On the other hand, net sales and PAT have decreased, indicating a negative trend.

N K Industries, a microcap company in the solvent extraction industry, recently announced its financial results for the quarter ended March 2024. The company’s stock has been given a ‘Strong Sell’ call by MarketsMOJO.

According to the financial report, N K Industries has seen a flat performance in the quarter, with a score of -2 compared to 11 in the previous 3 months. However, there are some positive aspects to the company’s financials. The Profit After Tax (PAT) for the half-yearly period is higher at Rs 0.93 crore compared to the preceding 12 months ended June 2024, which was at Rs -1.59 crore. This indicates a growth in profits for the company.


On the other hand, there are also some areas of concern for N K Industries. The net sales for the half-yearly period have decreased by -23.46% year on year, indicating a negative trend in sales. Similarly, the PAT for the same period has also decreased by -23.46% year on year, showing a negative trend in profits.


Despite these challenges, N K Industries remains a player in the solvent extraction industry and its financial results for the quarter ended March 2024 provide valuable insights for investors. It is important to note that this article is based solely on the information provided by the company and does not include any external data or sources.


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