Next Mediaworks' Financial Results Show Decline in Operating and Net Profit Margins.
Next Mediaworks has reported a decrease in net sales and profits for the quarter ending September 2024, with operating and net profit margins also declining year-on-year. Despite this, the company remains committed to improving its financial performance and has seen an improvement in its score in the last three months. MarketsMojo has given a 'Sell' call for the company's stock, but it is important to consider all factors before making any investment decisions.
Operating Profit - Quarterly: At Rs -1.32 cr has Declined at -3.6 % over average Operating Profit of the previous four quarters of Rs -1.27 Cr. Operating margins at -15.6 % from -13.1 % yoy.Net Profit - Quarterly: At Rs -1.89 cr has Declined at -3.3 % over average Net Profit of the previous four quarters of Rs -1.83 Cr. Net Profit margins at -22.4 % from -19 % yoy.
Despite these challenges, Next Mediaworks remains optimistic about its future growth prospects. The company has recently declared its financial results for the quarter ending September 2024, with a net sales of Rs 8.45 crore, a decrease of 12.7% compared to the previous four quarters. The operating profit also saw a decline of 3.6% at Rs -1.32 crore, with operating margins at -15.6% from -13.1% year-on-year. The net profit also saw a decrease of 3.3% at Rs -1.89 crore, with net profit margins at -22.4% from -19% year-on-year.
Despite these challenges, Next Mediaworks remains committed to improving its financial performance and has already seen an improvement in its score from -7 to -2 in the last three months. The company is focused on addressing the issues that have led to the decline in its financials and is confident in its ability to turn things around.
However, MarketsMOJO has given a 'Sell' call for Next Mediaworks' stock, indicating that investors may want to exercise caution when considering investing in the company. It is important to note that this is not a recommendation from experts or investors, but rather a neutral assessment based on the company's financial performance.
Next Mediaworks is a microcap company in the printing and publishing industry, and its financial results for the quarter ending September 2024 may not reflect its future potential. It is important to consider all factors and do thorough research before making any investment decisions.
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