Kalyani Forge Reports Strong Financial Performance in Q2 FY24-25, Stock Rated 'Hold' by MarketsMOJO

Kalyani Forge, a microcap company in the castings and forgings industry, has recently announced its financial results for the quarter ending September 2024. The stock call by MarketsMOJO for the company is 'Hold'.

According to the financials, Kalyani Forge has shown a very positive performance in the second quarter of FY24-25. The company's score has improved from -7 to 23 in the last 3 months.

Some key highlights from the September 2024 financials include a 723.08% year-on-year growth in Profit Before Tax less Other Income (PBT) at Rs 4.28 crore. The Profit After Tax (PAT) has also shown a significant growth of 307.3% year-on-year at Rs 3.34 crore. The company's ability to manage interest payments has also improved with the Operating Profit to Interest ratio being the highest at 4.91 times in the last five quarters.

The net sales for the quarter were at their highest in the last five quarters at Rs 62.33 crore, indicating a positive sales trend in the near term. The Operating Profit (PBDIT) for the quarter was also at its highest at Rs 7.76 crore, showing a positive trend in the near term. The company's efficiency has also improved with the Operating Profit Margin being the highest at 12.45% in the last five quarters.

The company has also shown a positive trend in terms of Profit Before Tax less Other Income (PBT) and Profit After Tax (PAT), with both being at their highest in the last five quarters. The Earnings per Share (EPS) for the quarter was also at its highest at Rs 10.77, indicating an increase in profitability and higher earnings for shareholders. Kalyani Forge has also been distributing higher dividends from its profits, with the Dividend per Share (DPS) being the highest at Rs 3.00 in the last five years.

Overall, Kalyani Forge has shown a very positive financial performance in the September 2024 quarter, with improvements in various key areas. With the stock call being 'Hold' by MarketsMOJO, investors may want to keep an eye on the company's future performance.