Anjani Synthetics Reports Mixed Performance in Q2, Profit Before Tax Shows Improvement

Anjani Synthetics, a microcap textile 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, Anjani Synthetics has shown a flat performance in the second quarter of the fiscal year 2024-2025. However, there has been an improvement in the company's score, which has increased from -10 to -5 in the last three months.

The company's profit before tax, excluding other income, has been the highest in the last five quarters at Rs 1.39 crore. This shows a positive trend in the near term. Additionally, the company has been able to settle its debtors faster, with the debtors turnover ratio being the highest in the last five half-yearly periods at 3.64 times.

On the other hand, the net sales for the quarter have fallen by -26.49% year on year, standing at Rs 53.09 crore. The near term sales trend is also negative.

Overall, Anjani Synthetics has shown a mixed performance in the recent quarter. While there are some positive aspects such as improved profit before tax and faster settlement of debtors, the decline in net sales is a cause for concern. Investors are advised to hold their position in the company's stock, as suggested by MarketsMOJO.