Nocil's Q1 FY25 Financial Results Show Negative Performance, Low EPS and Operating Profit

Nocil, a smallcap chemical company, has recently declared its financial results for the quarter ending June 2024. According to the data released on August 8, 2024, the company has seen a negative performance in this quarter. This has resulted in a decrease in the company’s score from 2 to -6 in the last three months.

The company’s Profit Before Tax (PBT) less Other Income has fallen by 21.8% to Rs 27.42 crore compared to the average PBT of the previous four quarters, which was Rs 35.04 crore. This indicates a very negative trend in the near term for PBT. Similarly, the Profit After Tax (PAT) has also decreased by 18.6% to Rs 27.06 crore compared to the average PAT of the previous four quarters, which was Rs 33.25 crore. This shows a very negative trend in the near term for PAT.

The Operating Profit (PBDIT) for this quarter is the lowest in the last five quarters at Rs 41.05 crore. This indicates a negative trend in the near term for operating profit. The Operating Profit Margin for this quarter is also the lowest in the last five quarters at 11.03%, which shows a deterioration in the company’s efficiency.

The company’s Earnings per Share (EPS) for this quarter is the lowest in the last five quarters at Rs 1.62. This indicates a decline in profitability and lower earnings for shareholders. Based on these financial results, MarketsMOJO has given a ‘Hold’ call for Nocil’s stock.