India Grid Trust Reports Positive Q2 Results, Receives 'Hold' Call from MarketsMOJO

India Grid Trust, a midcap finance and non-banking financial company, has recently announced its financial results for the quarter ending September 2024. The results have been declared on October 26, 2024 and have received a 'Hold' call from MarketsMOJO.

According to the financials, India Grid Trust has shown a positive performance in the second quarter of the fiscal year 2024-2025. The company's score has improved from 14 to 11 in the last three months.

One of the key highlights of the financials is the growth in net sales, which has increased by 24.24% year on year, reaching Rs 1,701.32 crore in the first half of the year. The near-term sales trend is also positive for the company.

In terms of operating cash flow, India Grid Trust has recorded its highest figure of Rs 2,664.81 crore in the last three years. This indicates that the company has generated higher cash revenues from its business operations.

The quarterly Profit Before Tax less Other Income (PBT) has also shown a growth of 25.0% at Rs 99.40 crore, compared to the average PBT of the previous four quarters at Rs 79.52 crore. The near-term trend for PBT is positive.

Similarly, the quarterly Profit After Tax (PAT) has also seen a growth of 21.3% at Rs 95.63 crore, compared to the average PAT of the previous four quarters at Rs 78.83 crore. This indicates a positive trend for the company in terms of its profitability.

Overall, the financial results for the quarter ending September 2024 show a positive performance for India Grid Trust. With a 'Hold' call from MarketsMOJO, the company's financials indicate a promising future ahead.