21st Cent. Mgmt. Reports Positive Q2 Results, Cash & Dividend Increase

Twenty First Century Management Services, a microcap finance company, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, 21st Cent. Mgmt. has shown positive performance in the second quarter of the fiscal year 2024-25. However, the company's score has decreased from 35 to 13 in the last three months.

The company's cash and cash equivalents have seen a significant increase, reaching Rs 8.64 crore in the last six half-yearly periods. This indicates an improvement in short-term liquidity. Additionally, the dividend payout ratio (DPR) has been at its highest in the last five years, with 8.16% of profits being distributed as dividends.

On the other hand, the company's net sales for the quarter have fallen by 60.9% compared to the average net sales of the previous four quarters. This indicates a negative trend in near-term sales. Similarly, the profit before tax (PBT) and profit after tax (PAT) have also seen a significant decline of 73.7% and 83.8%, respectively, compared to the average of the previous four quarters.

Despite the negative trends in net sales, PBT, and PAT, Twenty First Century Management Services has shown promising results in terms of cash and cash equivalents and dividend payout ratio. Investors are advised to hold their stocks in the company for now, as per the recommendation by MarketsMOJO.