Diligent Industries Reports Strong Financial Performance in Q2 FY25 Despite 'Sell' Call

Diligent Industries, a microcap company in the miscellaneous industry, has recently announced its financial results for the quarter ending September 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.

Despite this, Diligent Industries has shown a very positive financial performance in the second quarter of the fiscal year 2024-2025. In the last three months, the company’s score has improved from 8 to 21.

One of the key factors contributing to this positive performance is the company’s operating profit (PBDIT), which has been the highest at Rs 2.82 crore and has grown each quarter in the last five quarters. This indicates a positive trend in the near term for the company’s operating profit.

Similarly, the profit before tax less other income (PBT) has also been the highest at Rs 1.74 crore and has grown each quarter in the last five quarters. This shows a very positive trend in the near term for the company’s PBT.

The net sales for the quarter were at Rs 30.30 crore, showing a growth of 37.29% year on year (YoY). This indicates a positive trend in the near term for the company’s sales.

The operating profit margin for the quarter was at its highest at 9.31% in the last five quarters, indicating an improvement in the company’s efficiency.

However, the earnings per share (EPS) for the quarter were at its lowest at Rs 0.10 in the last five quarters, showing a decline in profitability and lower earnings for shareholders.

Overall, Diligent Industries has shown a positive trend in its financial performance for the quarter ending September 2024, with improvements in key areas such as operating profit, PBT, net sales, and operating profit margin. However, the company’s EPS has declined, which may be a cause for concern for investors.