Best Eastern Hotels Reports Flat Performance in Q2 of FY 2024-2025, Receives 'Strong Sell' Call from MarketsMOJO

Best Eastern Hotels, a microcap company in the hotel, resort, and restaurant industry, recently announced its financial results for the quarter ending September 2024. The results, declared on October 28, 2024, have received a 'Strong Sell' call from MarketsMOJO.

According to the financial report, Best Eastern Hotels has seen a flat performance in the second quarter of the fiscal year 2024-2025. The company's score has dropped from 1 to 0 in the last three months. However, there are some positive aspects to the financials.

The company's Profit After Tax (PAT) for the half-yearly period is higher at Rs 0.25 crore compared to the previous 12-month period ending in September 2024, which was Rs 0.13 crore. This indicates that the company has already surpassed its PAT for the previous year in just six months.

On the other hand, the company's Operating Cash Flow for the year is at its lowest in the last three years, standing at Rs 0.38 crore. This suggests that the company's cash revenues from business operations are declining.

Despite the mixed financial results, Best Eastern Hotels remains a strong player in the microcap segment of the hotel, resort, and restaurant industry. Investors should carefully consider the 'Strong Sell' call from MarketsMOJO before making any investment decisions.