Nova Agritech's Q1 FY25 Financial Results Show Negative Performance, Receives 'Sell' Rating
Nova Agritech, a microcap company in the pesticides and agrochem industry, recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.
According to the financial report, Nova Agritech has seen a negative performance in the quarter, with a score of -7 compared to 13 in the previous three months. This decline can be attributed to various factors, including a significant decrease in net sales and profit after tax.
The company’s net sales for the quarter were at Rs 41.91 crore, which is a decrease of 33.6% compared to the average net sales of the previous four quarters. This indicates a very negative trend in the near term for the company’s sales.
Similarly, the profit after tax (PAT) for the quarter was at Rs 4.28 crore, a decrease of 39.5% compared to the average PAT of the previous four quarters. This also shows a very negative trend in the near term for the company’s profitability.
The operating profit (PBDIT) for the quarter was at its lowest in the last five quarters, at Rs 5.89 crore. This indicates a negative trend in the near term for the company’s operating profit.
The profit before tax less other income (PBT) for the quarter was also at its lowest in the last five quarters, at Rs 4.27 crore. This further reinforces the negative trend in the near term for the company’s profitability.
The earnings per share (EPS) for the quarter were also at its lowest in the last five quarters, at Rs 0.48. This shows a declining profitability for the company, which may not be favorable for shareholders.
Overall, the financial results for the quarter ending June 2024 have not been positive for Nova Agritech. The company’s stock has been given a ‘Sell’ call by MarketsMOJO, indicating a cautious approach for investors.
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