National Plastic Technologies Reports Mixed Financial Results for Q1 FY25
National Plastic Technologies, a microcap company in the plastic products industry, recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.
According to the financial report, National Plastic’s performance for the quarter has remained flat, with a score of 2 out of 10, compared to a score of 9 in the previous quarter. However, there are some positive aspects to the company’s financials.
The net sales for the first half of the year have shown a growth of 20.25% year on year, reaching Rs 137.87 crore. This indicates a positive trend in the company’s sales in the near term. Additionally, the operating profit for the quarter, at Rs 6.05 crore, is the highest in the last five quarters, and the near term trend for operating profit is also positive.
On the other hand, the interest cost for the quarter has increased by 16.80% compared to the previous quarter, reaching a high of Rs 1.46 crore. This suggests that the company has taken on more borrowings, which may have a negative impact on its financials in the long term.
Overall, National Plastic’s financial performance for the quarter ending June 2024 has been mixed. While there are some positive aspects, such as the growth in net sales and operating profit, the increase in interest cost is a cause for concern. Investors are advised to hold their position in the company’s stock and monitor its performance closely.
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