Equinox India Reports Strong Financial Performance in Q2 FY25

Equinox India Developments, a midcap company in the construction and real estate industry, has recently announced its financial results for the quarter ending September 2024. The company has shown positive performance in this quarter, with a score of 16 compared to -3 in the previous quarter.

One of the key factors contributing to this positive performance is the growth in Profit After Tax (PAT), which has increased by 124.8% to Rs 24.06 crore compared to the average PAT of the previous four quarters, which was at a loss of Rs 96.89 crore. This trend in PAT is expected to continue in the near term.

Another positive aspect is the growth in Net Sales, which has increased by 62.6% to Rs 245.97 crore compared to the average Net Sales of the previous four quarters, which was at Rs 151.29 crore. This indicates a strong sales trend in the near term for the company.

Equinox India has also shown a strong Operating Cash Flow, with the highest amount of Rs -97.28 crore in the last three years. This signifies that the company has generated higher cash revenues from its business operations.

The company’s Operating Profit (PBDIT) has also shown improvement, with the highest amount of Rs -1.04 crore in the last five quarters. This indicates a positive trend in the near term for the company’s operating profit.

Equinox India’s efficiency has also improved, as seen in the highest Operating Profit Margin of -0.42% in the last five quarters. This shows that the company is utilizing its resources effectively.

The company’s Profit Before Tax less Other Income (PBT) has also shown a positive trend, with the highest amount of Rs -7.65 crore in the last five quarters. This indicates that the company’s profitability is expected to increase in the near term.

Equinox India has also created higher earnings for its shareholders, with the highest Earnings per Share (EPS) of Rs 0.38 in the last five quarters.

However, there are some areas that need improvement for Equinox India. The company’s interest cost has increased by 40.10% to Rs 8.28 crore in the half-yearly period, indicating increased borrowings. Additionally, the company’s Non Operating Income is 122.64% of its Profit Before Tax (PBT), which may not be a sustainable business model. The company’s Non Operating Income has also increased significantly to Rs 41.44 crore in the last five quarters, which may not be sustainable in the long run.

Overall, Equinox India has shown positive financial performance in the quarter ending September 2024, with strong growth in PAT, Net Sales, and Operating Cash Flow. However, the company needs to address its interest cost and non-operating income to ensure sustainable growth in the future.