NBCC (India) Reports Flat Q2 FY24-25 Results, Positive Sales Growth and Concerns Over Non-Operating Income.
NBCC (India), a largecap company in the construction and real estate industry, recently declared its financial results for the quarter ending September 2024. According to MarketsMOJO, a leading stock analysis platform, the stock call for NBCC is 'Hold'.
The company's financial performance for Q2 FY24-25 has remained flat, with a score of 3 compared to 15 in the last 3 months. However, there are some positive aspects to NBCC's financials based on the September 2024 results.
One of the key highlights is the company's inventory turnover ratio, which has been consistently growing each half year in the last five periods and is currently at its highest at 9.52 times. This indicates that NBCC has been able to sell its inventory at a faster rate.
Moreover, the company's net sales for the nine-month period ending September 2024 have shown a growth of 27.06% year on year, reaching Rs 8,627.39 crore. This suggests a positive trend in the near term for NBCC's sales.
However, there are also some areas of concern for NBCC based on its September 2024 financials. The company's profit after tax (PAT) for the quarter has fallen by -6.6% year on year, standing at Rs 122.12 crore. This indicates a negative trend in the near term for NBCC's PAT.
Additionally, the company's non-operating income for the quarter is 40.52% of its profit before tax (PBT). This suggests that a significant portion of NBCC's income is coming from non-business activities, which may not be a sustainable business model in the long run.
Overall, NBCC's financial performance for the quarter ending September 2024 has been mixed, with some positive and negative aspects. Investors are advised to hold their position in the stock, as recommended by MarketsMOJO.
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