NDL Ventures' Financial Report Raises Concerns for Investors
NDL Ventures, a microcap company in the DTH/Cable industry, reported a flat performance in the June 2024 quarter with a score of -4, compared to 4 in the previous quarter. The company's Profit After Tax has been consistently decreasing over the last five quarters, and its Non Operating Income is significantly higher than its Profit Before Tax. Additionally, the company's Earnings per Share has also seen a decline. These factors raise concerns for investors and indicate a need for careful consideration before making any investment decisions.
NDL Ventures, a microcap company in the DTH/Cable industry, recently announced its financial results for the quarter ending June 2024. The company's stock has been given a 'Strong Sell' rating by MarketsMOJO.
According to the financial report, NDL Ventures has experienced a flat performance in the quarter, with a score of -4 compared to 4 in the previous quarter. This decline in score can be attributed to several factors.
One of the major concerns for the company is its Profit After Tax (PAT), which has been consistently decreasing over the last five quarters. In the June 2024 quarter, the PAT was at its lowest at Rs 0.18 crore. This downward trend in PAT is a cause for concern for investors.
Another red flag in the financial report is the company's Non Operating Income, which is 297.87% of its Profit Before Tax (PBT). This indicates that a significant portion of the company's income is coming from non-business activities, which is not a sustainable business model.
Furthermore, NDL Ventures has also seen a decline in its Earnings per Share (EPS) in the last five quarters, with the lowest being Rs 0.05 in the June 2024 quarter. This shows a declining profitability and lower earnings for shareholders.
Overall, the financial results for the quarter ending June 2024 do not paint a positive picture for NDL Ventures. Investors should carefully consider these factors before making any investment decisions.
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