Antony Waste Handling Cell's Q2 FY24-25 financial results show decline in profitability

Antony Waste Handling Cell, a smallcap company in the miscellaneous industry, recently declared its financial results for the quarter ending September 2024. According to the data, the company has seen a negative financial performance in Q2 FY24-25, with a score of -16 compared to -9 in the previous quarter.

The company's Profit Before Tax (PBT) has fallen by 30.6% to Rs 13.17 crore, compared to the average PBT of the previous four quarters at Rs 18.98 crore. This trend is expected to continue in the near term. Similarly, the Profit After Tax (PAT) has also fallen by 43.4% to Rs 12.09 crore, compared to the average PAT of the previous four quarters at Rs 21.36 crore.

One of the major factors contributing to this decline is the rising interest cost, which has grown by 56.89% over the preceding nine months period. This indicates increased borrowings by the company. Additionally, the company's Earnings per Share (EPS) for the quarter is at its lowest in the last five quarters at Rs 4.26, showing a decline in profitability and lower earnings for shareholders.

Moreover, the company's Debtors Turnover Ratio for the half-yearly period is at its lowest in the last five periods at 3.18 times. This suggests that the company's pace of settling its debtors has slowed down.

MarketsMOJO has given a 'Hold' call for Antony Waste Handling Cell's stock, considering the negative financial performance in the recent quarter. Investors are advised to carefully monitor the company's financials and performance in the coming quarters before making any investment decisions.