Nilachal Refractories Reports Negative Financial Performance in Q1 FY25

Aug 16 2024 08:52 AM IST
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Nilachal Refractories, a microcap company in the refractories industry, has reported a negative financial performance for the quarter ending June 2024. The company's PBT, PAT, operating profit, and EPS have all seen a significant decline, raising concerns for investors and stakeholders. MarketsMojo has given a 'Strong Sell' call for the company's stock based on these results.

Nilachal Refractories, a microcap company in the refractories industry, has recently declared its financial results for the quarter ending June 2024. According to the data released on August 14, 2024, the company has seen a negative financial performance in the quarter.

The score for the quarter has fallen to -9 from 0 in the last three months, indicating a decline in the company’s overall financial health. This is a cause for concern for investors and stakeholders.


The company’s Profit Before Tax (PBT) less Other Income for the quarter was at Rs -2.58 crore, which is a significant decrease of 626.8% compared to the average PBT of the previous four quarters, which was Rs -0.36 crore. This shows a negative trend in the company’s near-term PBT.


Similarly, the Profit After Tax (PAT) for the quarter was at Rs -6.05 crore, a decrease of 1836.0% compared to the average PAT of the previous four quarters, which was Rs -0.31 crore. This indicates a very negative trend in the company’s near-term PAT.


The Operating Profit (PBDIT) for the quarter was at its lowest in the last five quarters, at Rs -1.63 crore. This shows a negative trend in the company’s near-term operating profit.


The company’s Earnings per Share (EPS) for the quarter was also at its lowest in the last five quarters, at Rs -2.97. This indicates a declining profitability and lower earnings for shareholders.


Based on these financial results, MarketsMOJO has given a ‘Strong Sell’ call for Nilachal Refractories’ stock. It is important for investors to carefully consider these factors before making any investment decisions.


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