Eco Recycling Reports Positive Financial Results in Q2 of FY 2024-25
Eco Recycling, a smallcap trading company, has recently announced its financial results for the quarter ending September 2024. The company has received a 'Hold' call from MarketsMOJO, indicating a neutral stance on its stock.
According to the financial report, Eco Recycling has shown a very positive performance in the second quarter of the fiscal year 2024-25. The company's score has improved from 35 to 27 in the last three months, indicating a strong growth trend.
One of the key factors contributing to this positive performance is the company's net sales, which have been consistently growing in the last five quarters. In the September 2024 quarter, the net sales were recorded at Rs 12.87 crore, showing a growth of 51.3% over the average net sales of the previous four quarters. This trend is expected to continue in the near term.
Another positive aspect of Eco Recycling's financials is its profit before tax (PBT) less other income, which has grown by 75.8% over the average PBT of the previous four quarters. The company's operating profit (PBDIT) has also shown a positive trend, with the highest recorded at Rs 9.23 crore in the last five quarters.
However, there are some areas that need improvement for Eco Recycling. The company's operating cash flow has been consistently falling in the last three years, with the lowest recorded at Rs -2.58 crore. This indicates a decline in the company's cash revenues from business operations.
Additionally, the dividend payout ratio (DPR) has been consistently low in the last five years, with the lowest recorded at 0.00%. This means that the company is distributing a lower proportion of its profits as dividends to its shareholders.
Overall, Eco Recycling has shown a strong financial performance in the September 2024 quarter, with positive trends in net sales, PBT, and PAT. However, the company needs to focus on improving its operating cash flow and dividend payout ratio in order to sustain its growth in the long term.
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