Galaxy Cloud Reports Positive Financial Performance in Q2 FY25 Despite Negative Outlook from MarketsMOJO

Galaxy Cloud Kitchens, a microcap company in the film production, distribution, and entertainment industry, has recently announced its financial results for the quarter ending September 2024. According to the report released on October 24, 2024, the stock call for Galaxy Cloud is ‘Sell’ by MarketsMOJO.

Despite the negative outlook from MarketsMOJO, Galaxy Cloud has shown positive financial performance in the quarter. The company’s score has improved from 6 to 18 in the last three months, indicating a positive trend.

One of the key factors contributing to this positive trend is the growth in Profit Before Tax less Other Income (PBT) – Quarterly. The PBT has grown by 212.9% to Rs 2.47 crore, compared to the average PBT of the previous four quarters, which was at Rs -2.19 crore. This shows a significant improvement in the company’s near-term PBT trend.

Similarly, the Profit After Tax (PAT) – Quarterly has also shown a growth of 265.3% to Rs 2.50 crore, compared to the average PAT of the previous four quarters, which was at Rs -1.51 crore. This indicates a very positive near-term PAT trend for Galaxy Cloud.

The company’s Operating Profit (PBDIT) – Quarterly has also seen a significant improvement, with the highest at Rs 2.96 crore in the last five quarters. This shows a positive near-term trend for the company’s operating profit.

Moreover, the Earnings per Share (EPS) – Quarterly has also seen a growth, with the highest at Rs 0.50 in the last five quarters. This indicates an increasing profitability for the company, creating higher earnings for its shareholders.

However, one area of concern for Galaxy Cloud is its Net Sales – Nine Monthly, which has shown a decline of -32.19% Year on Year (YoY) at Rs 8.09 crore. This indicates a negative near-term sales trend for the company.

Overall, Galaxy Cloud has shown positive financial performance in the quarter ending September 2024, with improvements in key areas such as PBT, PAT, and operating profit. However, the decline in net sales is a cause for concern and something the company will need to address in the near future.