Career Point's Q2 Financial Results Show Decline, MarketsMOJO Advises Hold

Nov 14 2024 09:44 AM IST
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Career Point, a microcap educational institution, has reported flat financial performance for the second quarter of fiscal year 2024-2025. The company's operating cash flow has been consistently declining over the last three years, with a low of Rs -29.32 crore in the latest report. Profit After Tax has also fallen by 14.8%, indicating a negative trend in profitability. Investors are advised to hold their stocks and monitor future financial reports.

Career Point, a microcap educational institution, recently declared its financial results for the quarter ending September 2024. According to the report released on November 12, 2024, the company's stock has been given a 'Hold' call by MarketsMOJO.

The financial performance of Career Point for the second quarter of the fiscal year 2024-2025 has remained flat, with a score of 0 compared to 16 in the previous quarter. This indicates a decline in the company's overall performance in the last three months.

One of the major concerns highlighted in the financial report is the company's operating cash flow, which has been consistently falling over the last three years. In the latest report, the annual operating cash flow was recorded at a low of Rs -29.32 crore. This indicates a decline in the company's cash revenues from business operations.

Another concerning factor is the company's Profit After Tax (PAT) for the quarter, which has fallen by 14.8% compared to the average PAT of the previous four quarters. The near-term trend for PAT is also negative, indicating a decline in the company's profitability.

Overall, the financial results for the quarter ending September 2024 show a decline in Career Point's performance. Investors are advised to hold their stocks, as suggested by MarketsMOJO, and keep a close eye on the company's future financial reports.
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