Globe Commercial's Q2 financial report shows positive growth, but areas for improvement remain

Globe Commercial, a microcap trading company, 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, Globe Commercial has shown a very positive performance in the second quarter of the fiscal year 2024-25. The company's score has improved from 6 to 22 in the last three months.

The company's profit before tax less other income (PBT) for the quarter has grown by 227.78% year on year, while the profit after tax (PAT) has grown by 235.4% year on year. The net sales for the quarter have also shown a positive growth of 25.29% year on year. The operating profit (PBDIT) for the quarter is at its highest in the last five quarters, indicating a positive trend. The operating profit margin has also improved, showing the company's efficiency.

However, the company's operating cash flow has been consistently falling in the last three years, with the lowest at Rs -0.02 crore in the last fiscal year. The earnings per share (EPS) for the quarter is also at its lowest in the last five quarters, indicating a decline in profitability.

Overall, Globe Commercial has shown a positive financial performance in the recent quarter, but there are some areas that need improvement. Investors are advised to hold their stocks for now, as per the recommendation by MarketsMOJO.