Cords Cable Industries Reports Positive Financial Performance in Q2 of FY 2024-2025

Cords Cable Industries, a microcap company in the cable industry, 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, Cords Cable has shown a positive performance in the second quarter of the fiscal year 2024-2025. The company's score has improved from 15 to 19 in the last three months, indicating a positive trend.

One of the key factors contributing to this positive trend is the growth in Profit Before Tax (PBT) less Other Income, which has increased by 1431.58% year on year to Rs 2.91 crore. The company's Profit After Tax (PAT) has also shown a growth of 41.65% year on year to Rs 5.51 crore in the half-yearly period. This indicates a positive trend in the near term for both PBT and PAT.

Cords Cable has also shown a positive trend in its net sales, with the highest quarterly sales of Rs 182.95 crore in the last five quarters. The company's net sales have grown by 25.89% year on year, indicating a positive trend in the near term.

The company's financials also show an improvement in its short-term liquidity, with the highest cash and cash equivalents of Rs 27.18 crore in the last six half-yearly periods. The Debt-Equity Ratio has also decreased to 0.44 times, indicating that the company has been reducing its borrowing as compared to equity capital.

However, one area of concern for Cords Cable is its operating cash flow, which has been the lowest at Rs 29.83 crore in the last three years. This indicates a decline in the company's cash revenues from business operations.

Overall, Cords Cable Industries has shown a positive financial performance in the quarter ending September 2024, with improvements in key areas such as PBT, PAT, net sales, and short-term liquidity. However, the company needs to address its declining operating cash flow to sustain its positive trend in the long term.