D B Corp Reports Strong Financial Performance in Q2 FY25, Receives 'Hold' Call from MarketsMOJO

D B Corp, a midcap company in the printing and publishing industry, has recently announced its financial results for the quarter ending September 2024. The company has received a ‘Hold’ call from MarketsMOJO, a leading financial analysis platform.

According to the financial report, D B Corp has shown a very positive performance in the quarter, with a consistent score in the last three months. The company’s operating profit to interest ratio has been the highest at 28.45 times, and it has been growing each quarter in the last five quarters. This indicates that the company’s ability to manage interest payments is improving.

Moreover, the Profit Before Tax (PBT) has grown by 55.49% year on year, reaching Rs 130.95 crore. The near-term trend for PBT is also very positive. Similarly, the Profit After Tax (PAT) has grown by 49.7% year on year, reaching Rs 117.87 crore. The near-term trend for PAT is also very positive.

In terms of liquidity, D B Corp has shown improvement with its cash and cash equivalents reaching the highest at Rs 551.24 crore in the last six half-yearly periods. The company has also been able to settle its debtors faster, with the Debtors Turnover Ratio reaching the highest at 4.71 times in the last five half-yearly periods.

However, the company’s non-operating income has increased significantly in the last five quarters, reaching the highest at Rs 26.41 crore. This may not be sustainable in the long run.

Overall, D B Corp has shown a strong financial performance in the quarter ending September 2024, with positive trends in key areas. Investors are advised to hold their stocks in the company, as suggested by MarketsMOJO.