NILE Reports Strong Financial Results for Q2 2024, Shows Growth in PAT and Net Sales

Nov 13 2024 04:53 PM IST
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NILE, a microcap company in the non-ferrous metal industry, has reported a positive performance in the second quarter of fiscal year 2024-25. Its PAT has grown by 24.57% year on year and net sales have also shown an upward trend. The company's DPR is at a five-year high, indicating a strong financial position.
NILE, a microcap company in the non-ferrous metal industry, has recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, NILE has shown a positive performance in the second quarter of the fiscal year 2024-25. The company's score has improved from 6 to 8 in the last three months, indicating a growth in its financials.

One of the key highlights of NILE's financials is its Profit After Tax (PAT) for the half-yearly period, which has grown by 24.57% year on year to reach Rs 16.48 crore. The company's net sales for the quarter have also shown a positive trend, with the highest recorded at Rs 251.68 crore in the last five quarters.

Moreover, NILE has a strong dividend payout ratio (DPR) of 2.89% annually, which is the highest in the last five years. This indicates that the company is distributing a higher proportion of its profits as dividends to its shareholders.

Overall, NILE's financial results for the quarter ending September 2024 reflect a positive trend and indicate a promising future for the company. Investors are advised to hold onto their stocks and keep an eye on the company's performance in the coming quarters.
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