India Motor Parts & Accessories reports mixed financial results for Q2 FY25

India Motor Parts & Accessories, a smallcap trading company, has recently declared its financial results for the quarter ending September 2024. The company has received a ‘Hold’ call from MarketsMOJO, a leading financial analysis platform.

According to the financial report, India Motor Parts & Accessories has shown a flat performance in the quarter, with a score of 2 out of 5, which is an improvement from the previous quarter’s score of 1. However, the company’s financials have some positive and negative aspects.

On the positive side, the company has recorded its highest Profit After Tax (PAT) in the last five quarters, at Rs 22.60 crore. This shows a positive trend in the near term for the company’s profitability. Additionally, the Earnings per Share (EPS) have also increased, reaching its highest at Rs 18.11 in the last five quarters. This indicates that the company has been able to generate higher earnings for its shareholders. Moreover, the Dividend Payout Ratio (DPR) has also been at its highest in the last five years, at 45.58%. This shows that the company is distributing a higher proportion of its profits as dividends to its shareholders.

However, there are some concerns regarding the company’s financials. The Non Operating Income for the quarter is 51.63% of the Profit Before Tax (PBT), which indicates that the company’s income from non-business activities is high. This may not be a sustainable business model in the long run. Additionally, the Non Operating Income has also increased to its highest at Rs 15.05 crore in the last five quarters, which may not be sustainable.

Overall, India Motor Parts & Accessories has shown a mixed performance in the quarter ending September 2024. Investors are advised to hold their positions in the company’s stock, as recommended by MarketsMOJO.