Nahar Industrial Enterprises Reports Negative Financial Results for Q2 FY25

Nahar Industrial Enterprises, a microcap textile company, recently announced its financial results for the quarter ending September 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.

According to the financial report, Nahar Indl. Ent. has seen a negative performance in the quarter, with a score of -10, which has improved from -11 in the last three months. This indicates a downward trend in the company’s financials.

The profit before tax (PBT) for the quarter has fallen by 286.8% to Rs -11.97 crore, compared to the average PBT of the previous four quarters, which was Rs -3.10 crore. This shows a significant decline in the company’s near-term PBT trend.

Similarly, the profit after tax (PAT) for the quarter has also fallen by 148.8% to Rs -2.23 crore, compared to the average PAT of the previous four quarters, which was Rs 4.57 crore. This indicates a negative trend in the company’s near-term PAT.

The company’s interest cost has also increased by 33.52% in the last half-yearly period, reaching Rs 20.91 crore. This suggests that the company has taken on more borrowings, which could impact its financial stability.

Moreover, Nahar Indl. Ent.’s operating cash flow for the last three years has been the lowest at Rs -71.84 crore. This indicates a decline in the company’s cash revenues from business operations.

Additionally, the company’s debtors turnover ratio for the last five half-yearly periods has been the lowest at 8.38 times. This shows that the company’s pace of settling its debtors has slowed down.

Overall, the financial results for the quarter ending September 2024 do not paint a positive picture for Nahar Industrial Enterprises. Investors are advised to carefully consider these factors before making any investment decisions.