BEML Ltd's Q2 financials show mixed results, with PAT and PBT growth but increased interest cost.
BEML Ltd, a midcap engineering company specializing in industrial equipment, has recently announced 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, BEML Ltd has shown a flat performance in the second quarter of the fiscal year 2024-25. The company's score has decreased from 10 to -5 in the last three months. However, there are some positive aspects to the financial results.
The company's Profit After Tax (PAT) for the nine-month period has grown by 76.52% year on year, reaching Rs 237.36 crore. The near-term trend for PAT is also positive. Similarly, the Profit Before Tax less Other Income (PBT) for the quarter has grown by 22.44% year on year, reaching Rs 39.89 crore. The company has also surpassed its sales for the previous twelve months in just nine months.
On the other hand, there are some areas that need improvement. The company's interest cost has increased by 76.68% quarter on quarter, reaching Rs 15.76 crore. This signifies increased borrowings by the company. Additionally, the net sales for the quarter have decreased by 6.21% year on year, indicating a negative sales trend. The company's debtors turnover ratio for the half-yearly period is also at its lowest in the last five periods, showing a slowdown in the pace of settling debts.
Overall, BEML Ltd's financial results for the quarter ending September 2024 have been mixed, with some positive and negative aspects. Investors are advised to hold their position in the company's stock, as recommended by MarketsMOJO.
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