Media Matrix Worldwide Reports Strong Financial Results for Q2 2024

Nov 08 2024 09:50 AM IST
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Media Matrix Worldwide, a smallcap film production and distribution company, has reported positive financial results for the quarter ending September 2024. The company's PAT has grown by 167.63% year on year, while net sales have shown a remarkable growth of 234.7%. Operating cash flow and profit have also seen a positive trend, indicating strong performance and potential for future growth.
Media Matrix Worldwide, a smallcap film production, distribution, and entertainment company, has 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, Media Matrix has shown positive performance in the second quarter of the fiscal year 2024-2025. The company's score has improved from 9 to 19 in the last three months, indicating a positive trend.

One of the key factors contributing to this positive trend is the company's Profit After Tax (PAT) for the nine-month period, which has grown by 167.63% year on year, reaching Rs 4.63 crore. This is a significant improvement from the previous year's PAT of Rs 3.03 crore.

The company's net sales for the quarter have also shown a remarkable growth of 234.7% compared to the average net sales of the previous four quarters. This indicates a strong sales trend in the near term.

Moreover, Media Matrix has also shown a positive trend in its operating cash flow, with the highest amount of Rs 30.58 crore generated annually in the last three years. This reflects the company's ability to generate higher cash revenues from its business operations.

In terms of sales, the company has achieved its highest quarterly net sales of Rs 1,125.60 crore in the last five quarters, further strengthening its positive sales trend.

Additionally, Media Matrix has also shown a positive trend in its operating profit (PBDIT) for the quarter, with the highest amount of Rs 5.04 crore in the last five quarters.

Overall, Media Matrix's financial results for the quarter ending September 2024 have been impressive, with significant growth in key areas such as PAT, net sales, and operating cash flow. This reflects the company's strong performance and potential for future growth in the film production, distribution, and entertainment industry.
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