Manaksia Aluminium Company's Q2 results show mixed performance, with positive sales and profitability but rising interest cost.
Manaksia Aluminium Company, a microcap company in the non-ferrous metal industry, has recently declared its financial results for the quarter ending September 2024. The stock call for the company by MarketsMOJO is 'Sell'.
According to the financial report, Manaksia Aluminium has shown a flat performance in the second quarter of the fiscal year 2024-2025. However, there has been an improvement in the company's score from -8 to 4 in the last three months.
The company's net sales for the quarter were Rs 150.61 crore, which is a growth of 45.0% compared to the average net sales of the previous four quarters, which was Rs 103.88 crore. This shows a positive trend in the company's sales performance in the near term.
Similarly, the profit before tax less other income (PBT) for the quarter was Rs 1.93 crore, which is a growth of 56.9% compared to the average PBT of the previous four quarters, which was Rs 1.23 crore. This also indicates a positive trend in the company's PBT performance in the near term.
Manaksia Aluminium's operating profit (PBDIT) for the quarter was the highest at Rs 11.29 crore in the last five quarters, showing a positive trend in the near term. The company's profit after tax (PAT) for the quarter was also the highest at Rs 1.68 crore in the last five quarters, indicating a positive trend in the company's profitability.
However, there are some areas that are not working in favor of Manaksia Aluminium. The interest cost for the quarter was Rs 7.32 crore, which has increased by 27.08% compared to the previous quarter. This signifies increased borrowings by the company.
Overall, Manaksia Aluminium Company has shown a mixed performance in the second quarter of the fiscal year 2024-2025. While there is a positive trend in sales and profitability, the company needs to address the rising interest cost. Investors are advised to keep a close watch on the company's performance in the coming quarters.
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