Empire Industries' Q2 financial report shows mixed performance, with positive sales and PAT but increasing interest cost.

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

According to the financial report, Empire Industries has seen a flat performance in the second quarter of the fiscal year 2024-2025. The company's score has fallen from 6 to 2 in the last three months. However, there are some positive aspects to the company's financials.

The net sales for the quarter were the highest in the last five quarters, at Rs 163.41 crore. This shows a positive trend in the company's sales in the near term. The profit after tax (PAT) for the quarter has also grown by 21.7% year on year, at Rs 9.81 crore. The near term trend for PAT is also positive. Additionally, the company's cash and cash equivalents for the half-yearly period were at their highest in the last six periods, at Rs 118.99 crore. This indicates an improvement in short-term liquidity.

However, there are some areas that need improvement for Empire Industries. The interest cost for the quarter has grown by 53.28% quarter on quarter, at Rs 7.48 crore. This suggests an increase in borrowings for the company. The dividend payout ratio (DPR) for the last five years is at its lowest, at 40.54%. This means that the company is distributing a lower proportion of its profits as dividends.

Overall, Empire Industries has shown a mixed performance in the recent quarter. Investors should carefully consider these financials before making any decisions regarding the company's stock.