Indo Thai Securities Reports Positive Q2 Results, Hold Call by MarketsMOJO

Indo Thai Securities, a smallcap finance and non-banking financial company (NBFC), 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, Indo Thai Securities has shown positive performance in the second quarter of the fiscal year 2024-2025. The company's score has improved from 24 to 8 in the last three months.

One of the key highlights of the financial report is the growth in net sales, which has increased by 21.66% year on year, reaching Rs 18.76 crore. The near-term sales trend is also positive for the company.

Another positive aspect is the growth in Profit After Tax (PAT), which has increased by 27.96% year on year, reaching Rs 9.52 crore. The near-term trend for PAT is also positive.

However, there are some areas of concern for Indo Thai Securities. The company's operating cash flow has been consistently falling in the last three years, with the latest figure being the lowest at Rs -0.96 crore. This indicates a decline in the company's cash revenues from business operations.

Additionally, the company's operating profit margin has also deteriorated, reaching its lowest at 59.87% in the last five quarters. This suggests a decline in the company's efficiency.

Overall, Indo Thai Securities has shown positive financial performance in the second quarter of the fiscal year 2024-2025. However, there are some areas that need improvement, such as the company's operating cash flow and profit margin. Investors are advised to hold their position in the company's stock, as recommended by MarketsMOJO.