Lehar Footwears Announces Q2 Financial Results, Receives 'Strong Sell' Rating from MarketsMOJO

Lehar Footwears, a microcap company in the leather industry, recently announced its financial results for the quarter ending September 2024. The results, declared on November 14, 2024, have received a 'Strong Sell' rating from MarketsMOJO.

According to the financial report, Lehar Footwears has seen a flat performance in the second quarter of the fiscal year 2024-2025. The company's score has fallen from 8 to -3 in the last three months.

However, there are some positive aspects to the company's financials. Lehar Footwears has shown a strong operating cash flow, with the highest annual amount of Rs 1.84 crore and a consistent growth over the past three years. This indicates that the company has been able to generate higher cash revenues from its business operations.

On the other hand, there are some concerning factors in the financial report. The net sales for the quarter have fallen by 21.8% to Rs 37.65 crore, compared to the average net sales of the previous four quarters which was Rs 48.15 crore. This shows a negative trend in the company's sales in the near term.

Similarly, the profit after tax (PAT) for the quarter has also decreased by 23.6% to Rs 1.27 crore, compared to the average PAT of the previous four quarters which was Rs 1.66 crore. This indicates a negative trend in the company's PAT in the near term.

Overall, Lehar Footwears has shown a mixed performance in the recent quarter, with some positive and negative aspects. Investors should carefully consider these factors before making any investment decisions.