Nakoda Group of Industries Reports Negative Financial Performance in Q1 2024

Nakoda Group of Industries, a microcap FMCG company, recently declared its financial results for the quarter ending March 2024. According to the report, the company has seen a negative financial performance with a score of -6, a decrease from -4 in the last three months.

One of the major factors contributing to this decline is the net sales, which have fallen by -13.2% to Rs 10.65 crore compared to the average net sales of the previous four quarters, which was Rs 12.27 crore. This indicates a very negative trend in the company's near-term sales.

The operating profit (PBDIT) for the quarter was at its lowest in the last five quarters, standing at Rs -0.81 crore. This also reflects a negative trend in the company's near-term operating profit. The operating profit margin has also decreased to its lowest at -7.61%, indicating a deterioration in the company's efficiency.

Furthermore, the profit before tax less other income (PBT) for the quarter was at its lowest in the last five quarters, standing at Rs -1.72 crore. This shows a negative trend in the company's near-term PBT.

The earnings per share (EPS) for the quarter was also at its lowest in the last five quarters, standing at Rs -0.98. This decline in profitability has resulted in lower earnings for shareholders.

Based on these financial results, MarketsMOJO has given a stock call of 'Sell' for Nakoda Group. It is important for investors to carefully consider these factors before making any investment decisions.