Intl. Conveyors Reports Positive Q2 Results, Stock Given 'Hold' Rating by MarketsMOJO

International Conveyors, a microcap engineering company, has 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, Intl. Conveyors has shown positive performance in the second quarter of FY24-25. The company's score has improved from 3 to 6 in the last 3 months. This is attributed to the growth in Profit After Tax (PAT) which has increased by 33.8% to Rs 26.81 crore compared to the average PAT of the previous four quarters which was Rs 20.04 crore. This indicates a positive trend in the company's profitability in the near term.

However, the company's Net Sales have fallen by -6.5% to Rs 30.77 crore compared to the average Net Sales of the previous four quarters which was Rs 32.92 crore. This shows a negative trend in the company's sales in the near term. Additionally, the Non Operating Income for the quarter is 93.30% of the Profit Before Tax (PBT), indicating that the company's income from non-business activities is high. This may not be a sustainable business model in the long run.

Overall, Intl. Conveyors has shown a positive financial performance in the recent quarter, but there are some areas of concern that need to be addressed. Investors are advised to hold their stock and monitor the company's future financial reports for any changes in the trends.