Mega Corporation's Q2 Financial Results Show Mixed Performance, Operating Profit Highest in 5 Quarters

Mega Corporation, a microcap finance company, has 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, Mega Corp. has shown a flat performance in the second quarter of the fiscal year 2024-25. The company's score has remained the same in the last three months. However, there are some positive aspects to the financial results.

The company's operating profit (PBDIT) for the quarter was the highest in the last five quarters, at Rs 1.25 crore. This indicates a positive trend in the near term for the company's operating profit. Additionally, the profit after tax (PAT) for the nine-month period was higher at Rs 0.09 crore compared to the previous 12-month period ending in September 2024, which had a PAT of Rs -0.10 crore. This shows that the company has already surpassed its sales from the previous year in just nine months.

On the other hand, there are some areas of concern for Mega Corp. The company's operating cash flow for the year was the lowest in the last three years at Rs -14.14 crore. This indicates a decline in the company's cash revenues from business operations. Additionally, the debtors turnover ratio for the half-yearly period was the lowest in the last five half-yearly periods at 0.00 times. This suggests that the company's pace of settling its debtors has slowed down.

Overall, Mega Corporation's financial results for the quarter ending September 2024 show a mixed performance. While there are some positive aspects, there are also some areas of concern that the company needs to address. Investors are advised to carefully consider these factors before making any investment decisions.