Manorama Industries reports strong financial performance in Q2 FY25, stock call 'Buy' by MarketsMOJO

Manorama Industries, a midcap company in the solvent extraction industry, has recently declared its financial results for the quarter ending September 2024. The company has shown a very positive performance in this quarter, with a significant improvement in its financial scores.

According to the latest financial report, Manorama Industries has seen a growth of 211.4% in its Profit Before Tax (PBT) compared to the average PBT of the previous four quarters. The Profit After Tax (PAT) has also shown a growth of 153.8% in this quarter. This indicates a strong financial performance and a positive trend in the near term.

The company’s Net Sales have also increased by 63.2% in this quarter, which is a significant improvement compared to the average Net Sales of the previous four quarters. The Operating Profit to Interest ratio has also reached its highest level in the last five quarters, showing an improvement in the company’s ability to manage its interest payments.

Manorama Industries has also shown a positive trend in its Operating Profit Margin, with a continuous increase in each quarter of the last five quarters. The company’s efficiency has improved, leading to a higher profit margin.

In terms of sales, Manorama Industries has achieved its highest Net Sales in the last five quarters, indicating a positive trend in the near term. The Operating Profit (PBDIT) has also reached its highest level in the last five quarters, showing a positive trend in the company’s operating profit.

The company’s Earnings per Share (EPS) have also increased, reaching its highest level in the last five quarters. This signifies an increase in profitability and higher earnings for shareholders.

However, there are some areas that need improvement for Manorama Industries. The interest cost has increased by 31.18% compared to the previous half-yearly period, indicating increased borrowings. The company’s Operating Cash Flow has also decreased, which is a cause for concern.

Overall, Manorama Industries has shown a very positive financial performance in the quarter ending September 2024. With a strong growth in its financial scores and a positive trend in the near term, the stock call for Manorama Industries by MarketsMOJO is ‘Buy’. Investors can expect good returns from this midcap company in the solvent extraction industry.