NTC Industries' Q1 financial report shows mixed performance, with significant growth in PAT but concerns over non-operating income.

NTC Industries, a microcap company in the cigarettes/tobacco industry, has recently declared its financial results for the quarter ending March 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, NTC Industries has shown a flat performance in the last quarter, with a score of 1 compared to -23 in the previous quarter. However, there are some positive aspects to the company's financials. The Profit After Tax (PAT) for the quarter has shown a significant growth of 292.1% year on year, and the net sales have also increased by 23.02% compared to the same quarter last year. This indicates a positive trend in the company's near-term performance.

On the other hand, the company's non-operating income is 63.64% of the Profit Before Tax (PBT), which suggests that a significant portion of the company's income is coming from non-business activities. This may not be a sustainable business model in the long run. Additionally, the company's Earnings per Share (EPS) for the quarter is at its lowest in the last five quarters, indicating a decline in profitability and lower earnings for shareholders.

Overall, NTC Industries has shown a mixed performance in the last quarter, with some positive and negative aspects. Investors are advised to hold their positions and monitor the company's future financial reports for a better understanding of its performance.