Nexus Select Trust Announces Q1 FY25 Financial Results, Mixed Performance with Positive Growth in PAT

Nexus Select Trust, a largecap real estate company, has recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.

According to the financial report, Nexus Select has seen a flat performance in the quarter, with a score of 5 out of 10, a decrease from the previous score of 8 in the last 3 months. However, there are some positive aspects to the company’s financials.

The Profit After Tax (PAT) for the half-yearly period has shown a significant growth of 291.22% year on year, reaching Rs 526.82 crore. This indicates a positive trend for the company’s profitability. Additionally, the Operating Profit Margin for the quarter has also shown improvement, reaching a high of 98.43%. This suggests that the company’s efficiency has improved.

On the other hand, there are some areas of concern for Nexus Select. The Operating Cash Flow for the year has been the lowest in the last three years, at Rs -33.37 crore. This indicates a decline in the company’s cash revenues from business operations. Furthermore, the Net Sales for the quarter have fallen by -6.9% compared to the average of the previous four quarters. This suggests a negative trend in the company’s sales in the near term.

Overall, Nexus Select Trust has shown a mixed performance in the quarter ending June 2024. While there are some positive aspects to the financials, there are also some areas of concern that the company needs to address. Investors are advised to hold their position in the stock and monitor the company’s performance closely.