Nivaka Fashions Reports Significant Decline in Q1 FY25 Financial Performance
Revenue – Quarterly: Revenue has declined by -100.0% QoQ. The company reported a revenue of Rs 0.01 cr in Jun 2024 quarter compared to Rs 1.00 cr in the previous quarter. This is a significant decrease and could be a cause for concern for investors.
Operating Profit – Quarterly: The company’s operating profit has also decreased by -100.0% QoQ. In Jun 2024 quarter, the company reported an operating profit of Rs -0.24 cr compared to Rs 0.01 cr in the previous quarter. This is a significant decline and could be a red flag for investors.
Net Profit Margin – Quarterly: The net profit margin for Nivaka Fashions has fallen to -251.5% in Jun 2024 quarter from 17.0% in the previous quarter. This is a sharp decline and indicates that the company’s profitability has been severely impacted.
Overall, Nivaka Fashions has reported a disappointing financial performance for the quarter ending Jun 2024. The company’s PAT, revenue, operating profit, and net profit margin have all shown a significant decline. This has led to a ‘Sell’ call by MarketsMOJO, indicating that investors should be cautious when considering this stock. It is important for investors to closely monitor the company’s financials and future performance before making any investment decisions.
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