Nicco Parks & Resorts Reports Negative Performance in Q2 FY25

Nicco Parks & Resorts, a microcap company in the amusement parks and recreation industry, has recently announced its financial results for the quarter ending September 2024. The company’s stock has been given a ‘Strong Sell’ rating by MarketsMOJO.

According to the financial report, Nicco Parks has seen a negative performance in the second quarter of the fiscal year 2024-2025. The company’s score has fallen from -5 to -11 in the last three months, indicating a decline in its financial health.

The main factors contributing to this negative performance are the decrease in profit before tax (PBT) and net sales. The PBT for the quarter was Rs 3.19 crore, showing a significant decline of 39.35% compared to the same period last year. The net sales also saw a decrease of 17.50% year on year, with the company recording Rs 13.77 crore in sales.

Moreover, the company’s operating profit (PBDIT) and profit margin have also been negatively impacted, with both reaching their lowest levels in the last five quarters. This indicates a decline in the company’s efficiency and profitability.

One positive aspect of the financial report is the increase in non-operating income, which reached its highest level in the last five quarters. However, experts suggest that this may not be sustainable and could be due to income from non-business activities.

Overall, the financial results for the quarter ending September 2024 show a negative trend for Nicco Parks & Resorts. Investors are advised to carefully consider the company’s performance before making any investment decisions.