AYM Syntex Reports Positive Q2 Results, Receives 'Hold' Call from MarketsMOJO

AYM Syntex, a smallcap textile company, has recently declared its financial results for the quarter ending September 2024. The company has received a 'Hold' call from MarketsMOJO, indicating a neutral stance on the stock. According to the financial report, AYM Syntex has shown positive performance in the second quarter of the fiscal year 2024-25. The company's score has improved from 13 to 14 in the last three months. This is attributed to the growth in Profit Before Tax (PBT) and Profit After Tax (PAT) by 224.18% and 1131.3% respectively, compared to the same period last year. The company's net sales for the quarter have also seen a positive trend, with a growth of 21.05% year on year. This is the highest net sales in the last five quarters, indicating a positive sales trend in the near term. However, there are some areas of concern for AYM Syntex. The Debtors Turnover Ratio, which measures the company's ability to collect payments from its debtors, has fallen in the last five half-yearly periods. This indicates a slower pace in settling debts. Additionally, the company's cash and cash equivalents have also decreased in the last six half-yearly periods, indicating a deteriorating short-term liquidity. Overall, AYM Syntex has shown positive financial performance in the recent quarter, but there are some areas that require attention. Investors are advised to hold their position on the stock, as recommended by MarketsMOJO.