Morganite Crucible's Q2 financials show positive trend in cash flow, profitability, and shareholder returns

Morganite Crucible (India), a microcap company in the refractories industry, 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 financials, Morganite Crucible has shown a positive performance in the second quarter of the fiscal year 2024-2025. The company's score has improved from 5 to 9 in the last three months.

One of the key factors contributing to this positive performance is the company's operating cash flow, which has been consistently growing over the past three years and is currently at its highest at Rs 43.15 crore. This indicates that the company has been able to generate higher cash revenues from its business operations.

In terms of profitability, Morganite Crucible has also shown a positive trend. The company's Profit Before Tax less Other Income (PBT) for the quarter is at Rs 10.58 crore, which is a 45.0% increase from the average PBT of the previous four quarters. The Profit After Tax (PAT) for the quarter is also at its highest at Rs 8.92 crore, showing a positive trend in the near term.

Furthermore, the company's Earnings per Share (EPS) for the quarter is at its highest at Rs 15.93, indicating an increase in profitability and higher earnings for shareholders. Additionally, Morganite Crucible has a high Dividend Payout Ratio (DPR) of 95.38% in the last five years, showing that the company distributes a higher proportion of its profits as dividends.

Overall, Morganite Crucible's financial results for the quarter ending September 2024 reflect a positive trend in terms of cash flow, profitability, and shareholder returns. With a 'Hold' call from MarketsMOJO, investors may want to keep an eye on this microcap company in the refractories industry.