National Standard reports positive financial results for Q2 FY25, but areas for improvement remain

National Standard (India), a midcap company in the ferrous metal industry, has recently announced its financial results for the quarter ending September 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.

According to the financial report, National Standard has shown a positive performance in the quarter, with a score improvement from -4 to 6 in the last three months. This is a significant improvement and reflects the company’s efforts in the recent quarter.

One of the key factors contributing to this positive performance is the growth in Profit Before Tax (PBT) by 180.4% compared to the average PBT of the previous four quarters. This shows a strong upward trend in the company’s near-term PBT.

Additionally, the Profit After Tax (PAT) has also shown growth of 31.7% compared to the average PAT of the previous four quarters. This is another positive indicator of the company’s financial performance in the recent quarter.

However, there are some areas that need improvement for National Standard. The company’s Operating Cash Flow has been the lowest in the last three years, indicating a decline in cash revenues from business operations. Furthermore, the Non-Operating Income is 68.17% of the PBT, which is a cause for concern as it shows a high reliance on non-business activities for income.

Overall, National Standard has shown a positive financial performance in the quarter ending September 2024. However, there are some areas that need to be addressed for sustainable growth in the future. Investors are advised to carefully consider these factors before making any investment decisions.