Arihant Superstructures Reports Mixed Performance in Q2 2024 Financial Results
Arihant Superstructures, a smallcap company in the construction and real estate 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 financial report, Arihant Superstructures has seen a negative performance in the second quarter of the fiscal year 2024-2025, with a score of -14 compared to -12 in the previous quarter. However, there are some positive aspects to the company's financials.
The company's operating profit margin for the quarter was at its highest in the last five quarters, at 25.85%. This indicates an improvement in the company's efficiency. Additionally, the profit after tax (PAT) for the quarter was Rs 15.97 crore, showing a growth of 25.1% compared to the average PAT of the previous four quarters. This suggests a positive trend in the near term for the company's profits.
On the other hand, there are some areas of concern for Arihant Superstructures. The company's operating cash flow for the year was at its lowest in the last three years, at Rs -128.89 crore, and has been falling each year. This indicates a decline in the company's cash revenues from business operations.
Furthermore, the company's interest cost has been on the rise, with the latest quarter seeing a 18.54% increase compared to the previous quarter. This could be a sign of increased borrowings by the company. The debt-equity ratio for the last five half yearly periods has also been at its highest, indicating that the company may be relying more on borrowings to fund its operations.
Lastly, the company's non-operating income for the quarter was at its highest in the last five quarters, at Rs 1.20 crore. However, this increase in income from non-business activities may not be sustainable in the long run.
Overall, the financial results for the quarter ending September 2024 show a mixed performance for Arihant Superstructures. Investors should carefully consider these factors before making any investment decisions.
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