Mauria Udyog Reports Positive Financial Results for Q2 2024, Receives 'Hold' Call from MarketsMOJO

Mauria Udyog, a microcap company in the capital goods industry, has recently announced its financial results for the quarter ending September 2024. The company has received a 'Hold' call from MarketsMOJO, a leading financial analysis platform.

According to the financial report, Mauria Udyog has shown positive performance in the second quarter of the fiscal year 2024-25. This is consistent with the company's performance in the last three months.

One of the key factors contributing to Mauria Udyog's success is its ability to manage interest payments, with an operating profit to interest ratio of 2.52 times in the last five quarters. Additionally, the company has been reducing its borrowing in comparison to its equity capital, with a debt-equity ratio of 3.86 times, which has fallen in each of the last five half-yearly periods.

The company's net sales have also seen a positive trend, with the highest recorded at Rs 98.98 crore in the last five quarters. Similarly, the profit after tax (PAT) has also shown an upward trend, with the highest recorded at Rs 4.68 crore in the last five quarters. This has resulted in an increase in earnings per share (EPS), with the highest recorded at Rs 3.51 in the last five quarters.

However, there are some areas that need improvement for Mauria Udyog. The non-operating income, which is 78.89% of the profit before tax (PBT), is a cause for concern as it indicates a high reliance on non-business activities. Additionally, the company's non-operating income has also seen a significant increase in the last five quarters, reaching a high of Rs 7.36 crore. This may not be a sustainable business model in the long run.

Overall, Mauria Udyog has shown positive financial performance in the quarter ending September 2024. With a 'Hold' call from MarketsMOJO, the company's future looks promising.