NCL Research and Financial Services Reports Negative Performance in Q1 2024

May 30 2024 06:00 PM IST
share
Share Via
NCL Research and Financial Services, a microcap finance company, reported a negative financial performance for the quarter ending March 2024. The company's stock has been given a 'Sell' call by MarketsMojo due to a decline in Profit Before Tax and Operating Profit, and a high Non-Operating Income. Investors should carefully consider these factors before making any investment decisions.

NCL Research and Financial Services, a microcap finance company, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, NCL Res. & Finl. has experienced a negative performance in the quarter, with a score of -6 compared to 10 in the previous 3 months. This decline can be attributed to several factors.

One of the main reasons for the negative performance is the decrease in Profit Before Tax (PBT) less Other Income. The PBT for the quarter was at Rs -1.04 crore, which is a significant drop of -271.2% compared to the average PBT of the previous four quarters at Rs 0.61 crore. This indicates a downward trend in the company's near-term PBT.

Another concerning factor is the Operating Profit (PBDIT), which was at its lowest in the last five quarters at Rs -1.03 crore. This also shows a negative trend in the company's near-term operating profit.

The Non-Operating Income for the quarter is at a high of 750% of the PBT. This means that the company's income from non-business activities is significantly higher than its core business income, which is not a sustainable business model.

Overall, NCL Research and Financial Services have reported a negative financial performance for the quarter ending March 2024. Investors are advised to carefully consider these factors before making any investment decisions.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News