Elin Electronics reports mixed financial results for Q3, PAT grows by 39.14%

Elin Electronics, a smallcap company in the electronics components industry, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

In the last quarter, Elin Electronics has seen a flat financial performance with a score of 5, which is a decrease from the previous score of 16 in the last 3 months. However, there are some positive aspects to the company's financials.

The company's Profit After Tax (PAT) for the half-yearly period has grown by 39.14% year on year, reaching Rs 10.70 crore. This shows a positive trend in the near term. Additionally, the company's Net Sales for the quarter have been the highest in the last five quarters, reaching Rs 304.56 crore. This also indicates a positive trend in the near term.

On the other hand, there are some areas that need improvement for Elin Electronics. The company's Operating Cash Flow for the last three years has been the lowest at Rs 42.67 crore, indicating a decrease in cash revenues from business operations. Furthermore, the company's Non Operating Income for the quarter is 40.53% of the Profit Before Tax (PBT), which is a high proportion. This suggests that the company's income from non-business activities is not a sustainable business model. Additionally, the Non Operating Income for the quarter has been the highest in the last five quarters, reaching Rs 2.61 crore. This increase in income from non-business activities may not be sustainable.

Overall, Elin Electronics has shown a mixed financial performance in the last quarter. Investors are advised to hold their stocks and keep an eye on the company's future financial results.