Manappuram Finance's Q2 FY24-25 financials show mixed results, with some positive and negative trends

Manappuram Finance, a midcap finance company, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Manappuram Finance's performance for Q2 FY24-25 has been relatively flat, with a score of 4 out of 10. This is a decrease from the previous quarter's score of 9.

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 2,633.10 crore, and have been growing each quarter. The near-term sales trend is also very positive. Additionally, the operating profit (PBDIT) for the quarter was the highest in the last five quarters, at Rs 1,740.92 crore, and has also been growing each quarter.

On the other hand, there are some areas of concern for Manappuram Finance. The company's operating cash flow for the year was the lowest in the last three years, at Rs -3,382.68 crore, and has been falling each year. This indicates that the company's cash revenues from business operations are declining. Furthermore, the debt-equity ratio for the last five half-yearly periods has been the highest at 3.13 times, indicating that the company is borrowing more to fund its operations. This could potentially lead to a stressed liquidity situation.

Overall, Manappuram Finance's financial performance for the quarter ending September 2024 has been mixed. Investors should carefully consider all aspects of the company's financials before making any investment decisions.