Financial Report Reveals Mixed Performance for AksharChem (I) in Q2 2024

Operating Cash Flow - Annually: Declining at -1.12% in the last 3 years.The company's cash flow from operations has been decreasing over the past three years.

AksharChem (I), a microcap company in the dyes and pigments 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, AksharChem (I) has seen a flat performance in the second quarter of the fiscal year 2024-2025. The company's score has fallen from 16 to 4 in the last three months. However, there are some positive aspects to the company's financials.

One of the highlights is the growth in Profit After Tax (PAT) for the half-yearly period, which has increased by 116.87% year on year. This is a very positive trend for the company. Additionally, the PAT for the half-yearly period is higher at Rs 2.19 crore compared to the previous 12-month period ending in September 2024, which was at Rs -18.67 crore. This shows that the company has already surpassed its PAT for the previous year in just six months.

On the other hand, there are some areas of concern for AksharChem (I) based on its financials. The company's operating cash flow for the past three years has been the lowest at Rs -6.55 crore. This indicates a decline in the company's cash revenues from business operations. Furthermore, the operating cash flow has been decreasing at a rate of -1.12% over the past three years.

Overall, AksharChem (I) has shown a mixed performance in its financials for the quarter ending September 2024. While there are some positive aspects, there are also some areas of concern that the company needs to address in order to improve its financial standing. Investors are advised to carefully consider these factors before making any investment decisions.