Narmada Agrobase Reports Strong Financial Performance in Q2 FY24-25 Despite 'Strong Sell' Stock Call

Narmada Agrobase, a microcap company in the agriculture industry, has recently declared its financial results for the quarter ending September 2024. The company has received a 'Strong Sell' stock call from MarketsMOJO.

Despite this, Narmada Agrobase has shown a very positive financial performance in the second quarter of the fiscal year 2024-25. The company's score has improved from 24 to 23 in the last three months.

According to the September 2024 financials, Narmada Agrobase has seen significant growth in its Profit Before Tax less Other Income (PBT) and Profit After Tax (PAT) by 941.18% and 658.8% respectively, compared to the same period last year. The company has also generated higher cash revenues from its business operations, with the highest Operating Cash Flow of Rs 1.23 crore in the last three years.

Narmada Agrobase has also shown a positive trend in its Operating Profit (PBDIT) and Operating Profit Margin, with the highest values in the last five quarters. The company's efficiency has improved, leading to higher profitability and earnings per share (EPS) of Rs 0.95 in the last five quarters.

However, the company's net sales have decreased by -9.90% compared to the same period last year, with the lowest value of Rs 10.28 crore in the last five quarters. This has resulted in a negative sales trend for Narmada Agrobase.

Overall, Narmada Agrobase has shown a strong financial performance in the second quarter of FY24-25, with positive trends in most key financial indicators. However, the decrease in net sales may be a cause for concern for investors.