NRB Industrial Bearings Reports Decline in Financial Health for Q1 2024
NRB Industrial Bearings, a microcap company in the bearings industry, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a "Sell" call by MarketsMOJO.
According to the financial report, NRB Industrial Bearings has seen a negative performance in the quarter, with a score of -7 compared to -5 in the previous three months. This indicates a decline in the company's overall financial health.
One of the major concerns highlighted in the report is the company's ability to manage interest payments, with the Operating Profit to Interest ratio at its lowest in the last five quarters at -1.30 times. This suggests a deteriorating financial position for NRB Industrial Bearings.
The company's Operating Profit (PBDIT) for the quarter was also at its lowest in the last five quarters, at Rs -3.59 crore. This indicates a negative trend in the near term for the company's operating profit.
NRB Industrial Bearings' Operating Profit Margin for the quarter was also at its lowest in the last five quarters, at -19.25%. This suggests a decline in the company's efficiency.
Furthermore, the Profit Before Tax less Other Income (PBT) for the quarter was at its lowest in the last five quarters, at Rs -7.79 crore. This indicates a negative trend in the near term for the company's profitability.
The company's Earnings per Share (EPS) for the quarter was also at its lowest in the last five quarters, at Rs -3.00. This indicates a declining profitability for the company, resulting in lower earnings for shareholders.
Overall, the financial results for the quarter ending March 2024 show a negative trend for NRB Industrial Bearings. Investors should carefully consider these factors before making any investment decisions.
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