Nivaka Fashions Reports Positive Financial Results for Q1 2024, Receives 'Sell' Call from MarketsMOJO
Nivaka Fashions, a microcap company in the trading industry, has recently announced its financial results for the quarter ending March 2024. The results have been declared on May 30, 2024 and have received a 'Sell' call from MarketsMOJO.Despite the negative score of -3 in the previous quarter, Nivaka Fashions has shown a significant improvement with a score of 7 in the current quarter. This positive financial performance can be attributed to various factors.
One of the key highlights of the quarter is the company's Operating Profit (PBDIT) which has reached its highest at Rs 0.85 crore in the last five quarters. This indicates a positive trend in the near term for the company's operating profit. Similarly, the Profit Before Tax less Other Income (PBT) has also reached its highest at Rs 0.85 crore in the last five quarters, showing a positive trend in the near term.
The company's Profit After Tax (PAT) has also seen a significant increase, reaching its highest at Rs 0.91 crore in the last five quarters. This indicates a positive trend in the near term for the company's profitability. Additionally, the Earnings per Share (EPS) have also shown an upward trend, reaching its highest at Rs 0.09 in the last five quarters. This indicates that the company has been able to create higher earnings for its shareholders.
Overall, Nivaka Fashions has shown a positive financial performance in the quarter ending March 2024, with increasing profitability and higher earnings for its shareholders. However, investors should take note of the 'Sell' call given by MarketsMOJO and make informed decisions based on their own research and analysis.
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