Narmada Agrobase Reports Impressive Financial Results for Q1 FY25

Aug 12 2024 08:16 AM IST
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Narmada Agrobase, a microcap company in the agriculture industry, has reported a strong financial performance for the quarter ending June 2024. The company's PBT has shown a remarkable growth of 753.33% year on year, while its Operating Cash Flow and Net Sales have also seen significant increases. With a 'Sell' call from MarketsMojo, Narmada Agrobase is expected to continue its positive trend in the near future.

Narmada Agrobase, a microcap company in the agriculture industry, has recently announced its financial results for the quarter ending June 2024. The company has shown a very positive performance, with a score of 24, which is a significant improvement from the previous score of 9 in the last 3 months.

One of the key highlights of the financial report is the Profit Before Tax less Other Income (PBT) for the quarter, which has shown a remarkable growth of 753.33% year on year. This indicates a strong near-term trend for the company’s PBT. Additionally, the company’s Operating Cash Flow for the year has been the highest at Rs 1.23 crore, and has shown consistent growth over the last three years. This reflects the company’s ability to generate higher cash revenues from its business operations.


The Net Sales for the quarter have also seen a significant growth of 54.21% year on year, indicating a positive near-term trend. The company’s Operating Profit (PBDIT) for the quarter has been the highest in the last five quarters, further strengthening the positive trend. The Operating Profit Margin has also shown improvement, reaching its highest at 12.89% in the last five quarters, indicating an increase in the company’s efficiency.


The Profit Before Tax less Other Income (PBT) for the quarter has been the highest in the last five quarters, showing a positive near-term trend. The Profit After Tax (PAT) for the quarter has also been the highest in the last five quarters, indicating a positive trend in the company’s profitability. The Earnings per Share (EPS) for the quarter have also been the highest in the last five quarters, showcasing the company’s increasing profitability and ability to create higher earnings for its shareholders.


Based on these financial results, MarketsMOJO has given a ‘Sell’ call for Narmada Agrobase’s stock. With its strong financial performance and positive near-term trends, Narmada Agrobase is poised for growth in the agriculture industry.


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