Nahar Polyfilms Reports Strong Financial Performance in Q3 2024

Nahar Polyfilms, a microcap company in the textile industry, has recently announced its financial results for the quarter ending September 2024. The company has shown a very positive performance in this quarter, with a significant improvement in its financial scores.

According to the financial report, Nahar Poly's Profit Before Tax (PBT) has grown by 522.7% to Rs 11.91 crore, compared to the average PBT of the previous four quarters which was Rs -2.82 crore. This shows a very positive trend in the company's near term PBT performance. Similarly, the Profit After Tax (PAT) has also shown a growth of 329.1% to Rs 17.40 crore, compared to the average PAT of the previous four quarters which was Rs 4.06 crore. This indicates a very positive trend in the company's near term PAT performance.

The company's ability to manage interest payments has also improved, with the Operating Profit to Interest ratio being the highest in the last five quarters at 8.67 times. This shows that Nahar Poly is becoming more efficient in managing its interest payments. Additionally, the company's Net Sales for this quarter were the highest in the last five quarters at Rs 168.58 crore, indicating a positive trend in its near term sales performance.

Nahar Poly's Operating Profit (PBDIT) for this quarter was also the highest in the last five quarters at Rs 22.71 crore, showing a positive trend in its near term operating profit performance. The company's efficiency has also improved, with the Operating Profit Margin being the highest in the last five quarters at 13.47%.

Furthermore, Nahar Poly has also shown a positive trend in its near term PBT and PAT performance, with both being the highest in the last five quarters at Rs 11.91 crore and Rs 17.40 crore respectively. This indicates an increasing profitability and higher earnings for shareholders.

The company has also been reducing its borrowing as compared to equity capital, with the Debt-Equity Ratio being the lowest in the last five half yearly periods at 0.13 times. Additionally, Nahar Poly has been able to settle its Debtors faster, with the Debtors Turnover Ratio being the highest in the last five half yearly periods at 36.39 times.

However, the company's Non Operating Income for this quarter was the highest in the last five quarters at Rs 5.52 crore. This may not be a sustainable source of income as it comes from non-business activities.

Overall, Nahar Polyfilms has shown a very positive financial performance in the quarter ending September 2024. With a 'Buy' call from MarketsMOJO, the company seems to be on the right track for growth and success in the textile industry.