NB Footwear Announces Q1 Financial Results, Shows Positive Trends in Key Indicators

Apr 20 2024 07:20 PM IST
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NB Footwear, a microcap leather company, has announced its financial results for the quarter ending March 2024. Despite a 'Sell' call from MarketsMojo, the company has shown a flat financial performance with a score of 4, an improvement from the previous quarter. Key highlights include the highest operating profit in five quarters and an increase in earnings per share.
NB Footwear, a microcap leather company, has recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO. Despite this, the company has shown a flat financial performance for the quarter, with a score of 4, which is an improvement from the previous quarter's score of -1.

One of the key highlights of NB Footwear's financials for the quarter is its operating profit (PBDIT), which is the highest in the last five quarters at Rs -0.03 crore. This shows a positive trend in the company's near-term operating profit. Similarly, the profit before tax less other income (PBT) and profit after tax (PAT) have also shown an improvement, with the highest figures in the last five quarters. This indicates a positive trend in the company's near-term PBT and PAT.

Moreover, NB Footwear's earnings per share (EPS) for the quarter have also increased, with the highest figure in the last five quarters at Rs -0.02. This shows that the company has been able to create higher earnings for its shareholders, despite the overall flat financial performance.

Overall, NB Footwear's financial results for the quarter ending March 2024 may not have met expectations, but the company has shown positive trends in its key financial indicators. It remains to be seen how the company will continue to perform in the coming quarters.
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