Ahluwalia Contracts (India) reports mixed performance in Q2 of FY 2024-2025
Ahluwalia Contracts (India) has reported a negative performance in the second quarter of fiscal year 2024-2025, with a decline in PBT and PAT. However, net sales have shown a positive growth of 22.40% year on year. The company's near-term sales trend is also positive, but interest costs have increased by 28.07%.
Ahluwalia Contracts (India), a midcap company in the capital goods industry, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.
According to the financials, Ahluwalia Contracts (India) has seen a negative performance in the second quarter of the fiscal year 2024-2025. However, there has been a slight improvement in the company's score, which has gone from -11 to -10 in the last three months.
One positive aspect for Ahluwalia Contracts (India) is its net sales for the nine-month period, which have grown by 22.40% year on year, reaching Rs 3,094.49 crore. The company's near-term sales trend is also positive.
On the other hand, there are some areas that are not working in the company's favor, as seen in the September 2024 financials. The profit before tax less other income (PBT) for the quarter has fallen by -37.24% year on year, standing at Rs 41.11 crore. The profit after tax (PAT) for the same period has also seen a decline of -29.8% year on year, reaching Rs 38.67 crore. This indicates a very negative trend in the near term for both PBT and PAT.
Another concerning aspect is the company's interest cost, which has grown by 28.07% over the preceding nine months period, reaching Rs 44.30 crore. This suggests an increase in borrowings for Ahluwalia Contracts (India).
Overall, the financial results for the quarter ending September 2024 show a mixed performance for Ahluwalia Contracts (India). Investors and stakeholders will have to closely monitor the company's future financial reports to assess its growth and profitability.
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