Crest Ventures Announces Q2 Financial Results, Stock Given 'Hold' Rating by MarketsMOJO

Crest Ventures, a smallcap company in the construction and real estate industry, 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, Crest Ventures has seen a flat performance in the second quarter of FY24-25, with a score of 3 compared to 36 in the previous quarter. However, there are some positive aspects to the company's financials.

One of the strengths of Crest Ventures is its strong operating cash flow, which has been the highest at Rs -7.36 crore in the last three years. This indicates that the company has been able to generate higher cash revenues from its business operations.

On the other hand, there are some areas that need improvement for Crest Ventures. The net sales for the quarter have fallen by -42.17% year on year, indicating a negative trend in the near term. Similarly, the profit before tax less other income and profit after tax have also seen a decline of -52.18% and -44.4% respectively, compared to the same quarter last year.

Another concerning factor is the inventory turnover ratio, which has been the lowest at 2.02 times and has fallen each half year in the last five periods. This suggests that the company's pace of selling inventory has slowed down.

In conclusion, while Crest Ventures has some positive aspects in its financials, there are also areas that need improvement. Investors are advised to hold their position in the company's stock and keep an eye on its performance in the coming quarters.