Hexa Tradex Reports Flat Performance in Q2, Debt-Equity Ratio Improves
Hexa Tradex, a smallcap trading company, has reported a flat performance in the second quarter of fiscal year 2024-2025. However, its debt-equity ratio has consistently decreased over the last five half-yearly periods, indicating a reduction in borrowing. The company has also generated a high operating cash flow of Rs 96.31 crore in the last three years. On the downside, the company's profit after tax and earnings per share have shown a significant decline, indicating a negative trend in the near term. MarketsMojo has given a 'Hold' call for the company's stock.
Hexa Tradex, a smallcap trading company, 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, Hexa Tradex has shown a flat performance in the second quarter of the fiscal year 2024-2025. However, there has been an improvement in the company's score, which has increased from -10 to 0 in the last three months.
One of the positive aspects of Hexa Tradex's financials is its debt-equity ratio, which has consistently decreased over the last five half-yearly periods. This indicates that the company has been reducing its borrowing in comparison to its equity capital.
Moreover, the company has also generated a high operating cash flow of Rs 96.31 crore in the last three years, indicating a strong revenue stream from its business operations.
On the other hand, the financial report also highlights some areas of concern for Hexa Tradex. The company's profit after tax (PAT) for the quarter is at Rs -45.57 crore, which is a significant decrease of -760.2% compared to the average PAT of the previous four quarters. This indicates a negative trend in the near term.
Additionally, the earnings per share (EPS) for the quarter is at its lowest at Rs -8.25 in the last five quarters, indicating a decline in profitability and lower earnings for shareholders.
Overall, Hexa Tradex's financial performance for the quarter ending September 2024 has been mixed, with some positive and negative aspects. Investors are advised to hold their position in the company's stock, as suggested by MarketsMOJO.
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