NR Agarwal Industries Reports Decline in Sales and Profitability for Q1 2024
NR Agarwal Industries, a microcap company in the paper and paper products industry, has recently announced its financial results for the quarter ending March 2024. According to the data released on May 27, 2024, the company has seen a negative performance in this quarter.
The company's net sales for the quarter were at Rs 247.24 crore, which is a significant decrease of 31.0% compared to the average net sales of the previous four quarters. This decline in sales is a cause for concern and indicates a negative trend in the near term.
Similarly, the company's profit before tax (PBT) has also fallen by 44.6% to Rs 18.37 crore, compared to the average PBT of the previous four quarters. This is a worrying trend for investors and shows a decline in the company's profitability.
The company's profit after tax (PAT) has also seen a significant decrease of 51.7% to Rs 15.66 crore, compared to the average PAT of the previous four quarters. This decline in profitability is a cause for concern for shareholders.
In addition, NR Agarwal Industries has also seen a decline in its net sales, operating profit, and PBT in the last five quarters. This indicates a negative trend in the company's financial performance.
Overall, based on the financial results for the quarter ending March 2024, MarketsMOJO has given a 'Sell' call for NR Agarwal Industries. The company's declining sales and profitability are a cause for concern and investors should carefully consider this information before making any investment decisions.
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