Authum Investment & Infrastructure Reports Decline in Q2 FY25 Financial Results
Authum Investment & Infrastructure, a largecap finance company, has recently declared its financial results for the quarter ending September 2024. According to the data released on October 21, 2024, the company’s stock has been given a ‘Hold’ call by MarketsMOJO.
The financial performance of Authum Invest for the quarter has been relatively flat, with a score of -2 compared to 20 in the previous three months. This indicates a decline in the company’s overall performance.
One of the major factors contributing to this decline is the decrease in net sales, which have fallen by 21.9% to Rs 1,092.65 crore compared to the average net sales of the previous four quarters, which stood at Rs 1,399.66 crore. This trend is expected to continue in the near term.
Similarly, the profit before tax (PBT) less other income has also seen a decline of 28.9% to Rs 935.41 crore compared to the average PBT of the previous four quarters, which was Rs 1,315.07 crore. The profit after tax (PAT) has also fallen by 34.9% to Rs 842.77 crore compared to the average PAT of the previous four quarters, which was Rs 1,293.73 crore.
The operating profit margin for the quarter has been the lowest at 87.09%, and has fallen each quarter in the last five quarters. This indicates a deterioration in the company’s efficiency.
On a positive note, the non-operating income for the quarter has been the highest at Rs 24.18 crore in the last five quarters. However, experts believe that this increase in income from non-business activities may not be sustainable.
Overall, the financial results for the quarter ending September 2024 have not been favorable for Authum Investment & Infrastructure. Investors are advised to hold their positions and monitor the company’s performance closely in the coming months.
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