NDR Auto Components Reports Positive Growth in Q1 FY25 Financial Results
NDR Auto Components, a smallcap company in the auto ancillary industry, has recently announced its financial results for the quarter ended June 2024. The company has shown positive growth in its net sales and profit after tax (PAT) for the half yearly period, with a year on year (YoY) increase of 34.69% and 27.14% respectively.
The company’s operating profit (PBDIT) for the quarter has also seen a significant increase, reaching its highest in the last five quarters. This indicates a positive trend in the company’s efficiency. The operating profit margin has also improved, reaching its highest in the last five quarters.
However, the company’s debtors turnover ratio for the half yearly period has decreased, indicating a slower pace in settling its debtors. This is an area that the company may need to focus on in the near future.
Despite these mixed results, MarketsMOJO has given a ‘Hold’ call for NDR Auto Components’ stock. This suggests that while the company’s financial performance is positive, there may be some areas that need improvement. Investors are advised to hold onto their stocks for now.
Overall, NDR Auto Components has shown a positive financial performance for the quarter ended June 2024. With a growing net sales and PAT, and an increase in operating profit, the company is on a steady path towards success in the auto ancillary industry.
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