NBCC shows positive financial performance in Q1, with 61.46% growth in PBT

NBCC (India), a largecap real estate company, has recently declared its financial results for the quarter ended June 2024. According to the latest report, the company has shown positive financial performance in the quarter, with a score of 15 out of 27. This is a significant improvement from the previous quarter.

One of the key factors contributing to NBCC's positive performance is its Profit Before Tax (PBT) less Other Income, which has grown by 61.46% year on year. The company has also seen a positive trend in its net sales, which have grown by 30.38% year on year. Additionally, NBCC has been able to sell its inventory at a faster rate, with the Inventory Turnover Ratio being the highest at 8.58 times in the last five half yearly periods.

However, there are some areas that need improvement for NBCC. The Non Operating Income, which is 37.32% of PBT, indicates that the company's income from non-business activities is high, which may not be a sustainable business model. Moreover, the Debtors Turnover Ratio, which is the lowest at 3.55 times in the last five half yearly periods, shows that the company's pace of settling its debtors has slowed down.

Despite these challenges, MarketsMOJO has given a 'Hold' call for NBCC's stock. With a positive trend in its financials, NBCC is expected to continue its growth in the near future. Investors are advised to keep an eye on the company's performance and make informed decisions.