Indowind Energy's Q1 FY25 financial results show mixed performance, investors advised caution
Indowind Energy, a microcap company in the power industry, has recently declared its financial results for the quarter ending March 2024. The stock call by MarketsMOJO for Indowind Energy is ‘Sell’.
According to the financial report, the company has shown a flat performance in the quarter, with a score of 5 out of 10, which is an improvement from the previous score of 1 in the last 3 months. However, there are some positive aspects to the financial results.
The Profit After Tax (PAT) for the half-yearly period has shown a significant growth of 114.62% year on year, standing at Rs 2.26 crore. This is a positive trend for the company. Moreover, the PAT for the half-yearly period is higher than the preceding 12 months, which was at Rs -11.52 crore. This shows that the company has already surpassed its PAT for the previous year in just half a year.
Another positive aspect is the Debtors Turnover Ratio, which is at its highest in the last five half-yearly periods, standing at 4.33 times. This indicates that the company has been able to settle its debtors at a faster rate.
However, there are some areas of concern in the financial results. The Net Sales for the quarter have fallen by -28.44% year on year, standing at Rs 5.46 crore. This shows a negative trend in the near term for the company’s sales. Similarly, the Profit Before Tax less Other Income (PBT) for the quarter has also fallen by -42.04% year on year, indicating a negative trend in the near term for the company’s PBT.
Moreover, the company’s Cash and Cash Equivalents for the half-yearly period are at its lowest in the last six half-yearly periods, standing at Rs 0.48 crore. This shows a deteriorating short-term liquidity for the company.
Overall, Indowind Energy’s financial results for the quarter ending March 2024 have shown a mix of positive and negative trends. Investors are advised to carefully analyze the company’s financial performance before making any investment decisions.
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