Next Mediaworks Announces Q1 Financial Results: Mixed Performance with Positive Sales, Negative Trends

Next Mediaworks, a microcap company in the printing and publishing industry, has 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 financials, Next Mediaworks has seen a negative performance in the quarter, with a score of -6 compared to -1 in the previous quarter. However, there are some positive aspects to the company's performance. The net sales for the quarter were the highest in the last five quarters at Rs 10.76 crore, and the near-term sales trend is positive. The profit after tax (PAT) for the quarter was also the highest in the last five quarters at Rs -0.69 crore, and the near-term trend for PAT is positive.

On the other hand, there are some areas where Next Mediaworks needs to improve. The operating profit to interest ratio for the quarter was the lowest in the last five quarters at -0.20 times, indicating a deteriorating ability to manage interest payments. The profit before tax less other income (PBT) for the quarter was at Rs -8.33 crore, which is a 10% decrease from the average PBT of the previous four quarters. The near-term trend for PBT is also negative. The operating profit (PBDIT) for the quarter was the lowest in the last five quarters at Rs -1.03 crore, and the near-term trend for operating profit is negative. The operating profit margin for the quarter was also the lowest in the last five quarters at -9.57%, indicating a decline in the company's efficiency. The earnings per share (EPS) for the quarter were the lowest in the last five quarters at Rs -1.21, showing a decline in profitability and lower earnings for shareholders. The non-operating income for the quarter was the highest in the last five quarters at Rs 1.26 crore, but this increase may not be sustainable as it comes from non-business activities.

Overall, Next Mediaworks has shown a mixed performance in the quarter ending March 2024. While there are some positive aspects, there are also areas where the company needs to improve. Investors should carefully consider these factors before making any investment decisions.