Edvenswa Enterprises Reports Positive Financial Performance in Q2 2024-2025
Edvenswa Enterprises, a microcap company in the electronics components industry, has announced its financial results for the quarter ending September 2024. According to financial analysis platform MarketsMojo, the stock call for the company is 'Hold'. The company has shown positive performance in net sales, operating profit, and profitability, but its short-term liquidity has deteriorated.
Edvenswa Enterprises, a microcap company in the electronics components industry, has recently announced its financial results for the quarter ending September 2024. The results have been declared on November 14, 2024.According to MarketsMOJO, a leading financial analysis platform, the stock call for Edvenswa Enterprises is 'Hold'. However, the company has shown positive financial performance in the second quarter of the fiscal year 2024-2025. The score has improved from 22 to 13 in the last three months.
The company's net sales for the quarter have been the highest in the last five quarters, standing at Rs 25.23 crore. This shows a positive trend in the near term. Additionally, the net sales have grown by 24.04% year on year, indicating a positive trend in the company's sales performance.
The operating profit (PBDIT) for the quarter has also been the highest in the last five quarters, at Rs 3.88 crore. This shows a positive trend in the near term for the company's operating profit. Similarly, the profit after tax (PAT) for the quarter has been the highest in the last five quarters, at Rs 2.32 crore, indicating a positive trend in the company's profitability.
On the other hand, the company's cash and cash equivalents for the half-yearly period have been the lowest in the last six periods, standing at Rs 3.90 crore. This shows a deteriorating trend in the company's short-term liquidity.
However, the company has been able to settle its debtors faster, with the debtors turnover ratio being the highest in the last five half-yearly periods at 6.46 times.
Overall, Edvenswa Enterprises has shown positive financial performance in the second quarter of the fiscal year 2024-2025, with a positive trend in net sales, operating profit, and profitability. However, the company's short-term liquidity has deteriorated. Investors are advised to hold their stocks in the company, according to MarketsMOJO.
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