Asian Warehousing Reports Mixed Financial Results for Q2 2024, PAT Shows Significant Improvement

Nov 14 2024 09:27 PM IST
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Asian Warehousing, a microcap company in the miscellaneous industry, reported a flat performance in the second quarter of fiscal year 2024-2025. While the company's PAT has shown a significant improvement, its Operating Cash Flow and Operating Profit have been declining. Investors should carefully evaluate these factors before investing in the company.

Asian Warehousing, a microcap company in the miscellaneous industry, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Strong Sell' call by MarketsMOJO.

According to the financial report, Asian Warehousing has seen a flat performance in the second quarter of the fiscal year 2024-2025. The company's score has fallen from 2 to -3 in the last three months. However, there are some positive aspects to the company's financials.

One of the highlights is the Profit After Tax (PAT) for the nine-month period, which has increased to Rs 0.20 crore from the previous 12-month period ending in September 2024, where it was at Rs -0.02 crore. This shows a significant improvement in the company's profitability. Additionally, the company has already surpassed its sales from the previous 12 months in just nine months.

On the other hand, there are some areas of concern for Asian Warehousing. The company's Operating Cash Flow for the year has been the lowest at Rs 1.32 crore and has been falling each year for the past three years. This indicates a decline in the company's cash revenues from business operations. Furthermore, the Operating Profit (PBDIT) for the quarter has been the lowest in the last five quarters at Rs 0.18 crore, showing a negative trend in the near term.

Overall, Asian Warehousing's financial performance for the quarter ending September 2024 has been mixed, with some positive and negative aspects. Investors should carefully consider these factors before making any investment decisions.
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