Nagreeka Capital & Infrastructure reports strong financial performance in Q2 2024

Nov 14 2024 05:08 PM IST
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Nagreeka Capital & Infrastructure, a microcap finance company, has reported a positive financial performance in the second quarter of fiscal year 2024-2025. The company's PAT has increased by 143.18% compared to the same period last year, and it has also shown a strong operating cash flow. However, there is a slight decrease in net sales, which needs improvement. MarketsMojo has given a 'Hold' call for the company's stock.

Nagreeka Capital & Infrastructure, a microcap finance company, has recently announced its financial results for the quarter ending September 2024. The company has shown positive performance in the second quarter of the fiscal year 2024-2025, with a score of 18 out of 21. This is a slight decrease from the previous quarter's score of 21, but still reflects a strong financial performance.

One of the key highlights of the financial results is the significant growth in Profit After Tax (PAT) for the first half of the year. The company has reported a PAT of Rs 8.42 crore, which is a 143.18% increase compared to the same period last year. This positive trend in PAT is a good sign for the company's financial health.

Another positive aspect of Nagreeka Cap.'s financials is its strong operating cash flow. The company has consistently generated higher cash revenues from its business operations, with the latest annual figure standing at Rs 28.61 crore. This is the highest operating cash flow in the last three years, indicating a strong financial position for the company.

However, there are some areas that need improvement for Nagreeka Cap. The company's net sales for the quarter have fallen by -17.2% compared to the average net sales of the previous four quarters. This is a cause for concern as it reflects a negative trend in near-term sales.

Despite this, MarketsMOJO has given a 'Hold' call for Nagreeka Cap.'s stock, indicating a neutral stance on the company's performance. Overall, the financial results for the quarter ending September 2024 show a mixed performance for Nagreeka Capital & Infrastructure. Investors are advised to closely monitor the company's future financial reports for a better understanding of its growth trajectory.
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