Nath Industries' Q2 FY25 Financial Results Show Mixed Performance, Investors Advised to Analyze Carefully.
Nath Industries, a microcap company in the paper and paper products industry, has recently declared its financial results for the quarter ending September 2024. The results, released on November 14, 2024, have received a ‘Strong Sell’ call from MarketsMOJO.
The company’s performance for the quarter has remained flat, with a score of 4 compared to -1 in the previous quarter. However, there are some positive aspects to the financials. Nath Industries has shown a consistent growth in its operating cash flow, with the highest amount of Rs 30.02 crore in the last three years. The net sales for the quarter have also been the highest in the last five quarters, indicating a positive trend in the near term. The company has also recorded its highest profit after tax of Rs 0.60 crore in the last five quarters, showing an upward trend in profitability. The earnings per share have also increased, indicating higher earnings for shareholders.
On the other hand, there are some areas of concern in the financials. The interest cost for the nine-month period has increased by 49.35%, indicating a rise in borrowings. Additionally, the non-operating income for the quarter is 220% of the profit before tax, which is not a sustainable business model.
Overall, Nath Industries has shown a mixed performance in the quarter ending September 2024. Investors should carefully analyze the financials and consider all factors before making any investment decisions.
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