Auto.Corp.of Goa's Q2 financials show mixed results, with some positive and negative aspects

Auto.Corp.of Goa, a smallcap auto ancillary company, has recently declared its financial results for the quarter ending September 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financials, the company has seen a flat performance in the second quarter of the fiscal year 2024-2025. The overall score has fallen from 33 to 4 in the last three months.

However, there are some positive aspects to the company's financials. The operating cash flow has been consistently growing over the last three years, with the highest amount of Rs 60.95 crore generated annually. Additionally, the company has been distributing higher dividends to its shareholders, with the highest dividend per share of Rs 20.00 in the last five years.

On the other hand, there are some concerning factors in the financials as well. The profit before tax less other income has fallen by 50.4% compared to the average of the previous four quarters. The profit after tax has also seen a decline of 36.4% over the average of the previous four quarters. The net sales have also decreased by 18.4% compared to the average of the previous four quarters. The operating profit margin and PBT have also hit their lowest points in the last five quarters.

Moreover, the company's non-operating income is 39.79% of its PBT, indicating a high reliance on non-business activities. The earnings per share have also decreased, showing a decline in profitability.

Overall, the financial results for the quarter ending September 2024 for Auto.Corp.of Goa have been mixed, with some positive and negative aspects. Investors are advised to hold their positions and closely monitor the company's performance in the coming quarters.