National Fittings Reports Mixed Performance in Q1 FY25 Financial Results

National Fittings, a microcap company in the castings/forgings industry, recently announced its financial results for the quarter ending June 2024. The stock call by MarketsMOJO for National Fittings is ‘Sell’.

According to the financials, National Fittings has seen a negative performance in the quarter, with a score of -12 compared to 8 in the previous quarter. However, there are some positive aspects to the company’s performance. The earnings per share (EPS) for the quarter was the highest in the last five quarters at Rs 7.63, indicating an increase in profitability and higher earnings for shareholders.

On the other hand, there are some areas of concern for National Fittings. The profit before tax less other income (PBT) for the quarter has fallen by -117.24% year on year, and the profit after tax (PAT) has also decreased by -51.9% year on year. The net sales for the quarter have also fallen by -13.09% year on year, and the company’s operating profit (PBDIT) is at its lowest in the last five quarters. The operating profit margin has also decreased to its lowest at 5.94%, indicating a decline in the company’s efficiency.

Furthermore, the debtors turnover ratio for the half-yearly period is at its lowest in the last five periods, indicating a slowdown in the company’s pace of settling its debtors.

Overall, the financial results for the quarter ending June 2024 show a mixed performance for National Fittings. While there are some positive aspects, there are also areas of concern that the company needs to address. Investors should carefully consider these factors before making any investment decisions.