Lloyds Enterprises Reports Flat Performance in Q2 FY25, But Shows Positive Growth in Net Sales
Lloyds Enterprises, a midcap trading company, 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, Lloyds Enterprises has seen a flat performance in the quarter, with a score of 5 compared to 14 in the previous quarter. However, there are some positive aspects to the company’s financials. The net sales for the quarter have shown a growth of 158.16% year on year, reaching Rs 385.49 crore. This is the highest net sales in the last five quarters, indicating a positive trend in the near term.
On the other hand, there are some areas of concern for Lloyds Enterprises. The profit after tax for the quarter has fallen by -23.4% year on year, standing at Rs 22.07 crore. This shows a very negative trend in the near term. Additionally, the company’s non-operating income is 50.91% of the profit before tax, which raises questions about the sustainability of their business model.
Overall, Lloyds Enterprises has shown a mixed performance in the quarter ending September 2024. Investors are advised to hold their stocks and keep an eye on the company’s future financial reports for a better understanding of its performance.
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