Almondz Global Securities Reports Mixed Financial Results for Q2 FY24-25
Almondz Global Securities, a microcap finance and NBFC, reported a flat performance in Q2 FY24-25 with a score of 2. However, net sales for the half-yearly period have grown by 56.22% year on year, while operating cash flow has been strong. On the downside, PBT and PAT have declined, leading to a decrease in EPS. Investors should carefully evaluate the company's financials before investing.
Almondz Global Securities, a microcap finance and non-banking financial company (NBFC), 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 financial report, Almondz Global's performance for Q2 FY24-25 has been flat, with a score of 2 compared to 13 in the previous quarter. However, there are some positive aspects to the company's financials. The net sales for the half-yearly period have grown by 56.22% year on year, indicating a strong sales trend in the near term. Additionally, the company has generated a high operating cash flow of Rs 19.31 crore in the last three years, showcasing its ability to generate cash from business operations.
On the other hand, there are some areas of concern for Almondz Global. The profit before tax less other income (PBT) for the quarter has fallen by 44.8% compared to the average PBT of the previous four quarters. The same trend is seen in the profit after tax (PAT), which has fallen by 49.5% compared to the average PAT of the previous four quarters. This decline in profitability is reflected in the company's earnings per share (EPS), which is at its lowest in the last five quarters.
Overall, Almondz Global's financial performance for the quarter ending September 2024 has been mixed, with some positive and negative aspects. Investors are advised to carefully analyze the company's financials before making any investment decisions.
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