Igarashi Motors India Reports Strong Financial Performance in Q2 FY25

Igarashi Motors India, a smallcap auto ancillary company, has recently declared its financial results for the quarter ending September 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.

According to the financials, Igarashi Motors has shown a very positive performance in the second quarter of FY24-25. The company’s score has improved from 23 to 22 in the last three months.

One of the key highlights of the financial results is the significant growth in Profit After Tax (PAT) for the half-yearly period, which has increased by 451.90% year on year. This shows a very positive trend for the company’s profitability.

The company’s Operating Profit Margin for the quarter is also at its highest at 12.16%, and has shown growth in each of the last five quarters. This indicates an improvement in the company’s efficiency.

In terms of sales, Igarashi Motors has also shown a positive trend with a growth of 26.38% year on year for the half-yearly period. The company has already surpassed its PAT for the previous twelve months in just half a year.

The Operating Profit (PBDIT) for the quarter is also at its highest in the last five quarters, showing a positive trend in the near term. Similarly, the Profit Before Tax less Other Income (PBT) for the quarter is also at its highest in the last five quarters, indicating a positive trend in the near term.

On the other hand, the Debt-Equity Ratio for the half-yearly period is at its highest in the last five periods, showing a growing trend. This may indicate that the company is borrowing more to fund its operations, which could potentially lead to a stressed liquidity situation.

Overall, Igarashi Motors India has shown a strong financial performance in the quarter ending September 2024, with positive trends in key areas such as PAT, Operating Profit Margin, and Net Sales. However, the increasing Debt-Equity Ratio is something to keep an eye on.