Nilkamal Ltd's Q3 financial results show decline in profitability and debtors turnover

Nilkamal Ltd, a smallcap company in the plastic products industry, has recently declared its financial results for the quarter ending December 2023. According to the report, the company's performance has remained flat in the last three months.

The Profit Before Tax (PBT) for the quarter has fallen by 11.49% compared to the same period last year, standing at Rs 35.76 crore. This trend is expected to continue in the near term. Similarly, the Profit After Tax (PAT) has also decreased by 11.7% year on year, with a current value of Rs 29.30 crore. This indicates a negative trend in the company's profitability.

Moreover, Nilkamal Ltd's Debtors Turnover Ratio for the half-yearly period is at its lowest in the last five periods, standing at 7.15 times. This suggests that the company's pace of settling its debtors has slowed down.

MarketsMOJO, a leading financial analysis platform, has given a 'Hold' call for Nilkamal Ltd's stock. This indicates that investors should hold onto their current positions in the company's stock and not make any new investments.

Overall, the financial results for the quarter ending December 2023 show a decline in profitability and a slowdown in debtors turnover for Nilkamal Ltd. Investors are advised to closely monitor the company's performance in the coming months.