Geecee Ventures Reports Positive Q2 Results, But Operating Cash Flow Declines

Geecee Ventures, a microcap company in the chemicals industry, has recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, Geecee Ventures has shown a very positive performance in the second quarter of the fiscal year 2024-2025. The company's score has improved from 30 to 29 in the last three months.

One of the key factors contributing to this positive performance is the significant growth in net sales, which has increased by 238.59% year on year to Rs 29.22 crore. The company's profit before tax (PBT) has also seen a growth of 222.91% year on year to Rs 15.08 crore, while the profit after tax (PAT) has increased by 182.0% year on year to Rs 12.55 crore.

Geecee Ventures has also shown a strong cash position, with cash and cash equivalents at Rs 171.21 crore in the last six half-yearly periods. This indicates an improvement in short-term liquidity for the company. Additionally, the company has been able to settle its debtors faster, with the debtors turnover ratio at its highest in the last five half-yearly periods at 51.83 times.

However, one area of concern for Geecee Ventures is its operating cash flow, which has been at its lowest in the last three years at Rs -13.26 crore. This suggests that the company's cash revenues from business operations are declining.

Overall, Geecee Ventures has shown a strong financial performance in the quarter ending September 2024, with positive trends in net sales, PBT, and PAT. However, the company needs to address its declining operating cash flow to maintain its growth in the long term.