Jay Ushin's Q2 FY25 Financial Report Shows Mixed Results, Highest Net Sales in 5 Quarters

Jay Ushin, a microcap auto ancillary company, recently announced its financial results for the quarter ending September 2024. The company’s stock has been given a ‘Strong Sell’ rating by MarketsMOJO.

According to the financial report, Jay Ushin’s performance in Q2 FY24-25 has been flat, with a score of -3 compared to -1 in the previous quarter. However, there are some positive aspects to the company’s financials. The net sales for the quarter were the highest in the last five quarters at Rs 212.02 crore, indicating a positive sales trend in the near term. The operating profit (PBDIT) for the quarter was also the highest in the last five quarters at Rs 9.64 crore, showing a positive trend in the near term. The operating profit margin was also at its highest in the last five quarters, indicating an improvement in the company’s efficiency. Additionally, the company has been distributing higher dividends from its profits, with the DPS being the highest in the last five years.

However, there are some areas of concern for Jay Ushin. The operating cash flow for the year has been consistently falling, with the latest figure being the lowest at Rs -16.18 crore. This indicates a decline in the company’s cash revenues from business operations. The interest cost has also been rising, which could signify increased borrowings. Moreover, the non-operating income for the quarter was 67.87% of the profit before tax, which could indicate a reliance on non-business activities for income.

Overall, Jay Ushin’s financial performance for the quarter has been mixed, with some positive and negative aspects. Investors should carefully consider these factors before making any investment decisions.