Noida Toll Bridge Company Reports Positive Q2 Results Despite 'Sell' Call

Noida Toll Bridge Company, a microcap company in the capital goods industry, has recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

Despite the negative stock call, Noida Toll Bridge Company has shown positive financial performance in the second quarter of the fiscal year 2024-2025. The company's score has improved from 16 to 6 in the last three months.

One of the key factors contributing to this positive performance is the significant growth in net sales. In the second quarter, the company's net sales stood at Rs 9.89 crore, which is a 98.1% increase compared to the average net sales of the previous four quarters. This indicates a strong sales trend in the near term.

Additionally, Noida Toll Bridge Company has also shown improvement in its short-term liquidity with cash and cash equivalents at its highest in the last six half-yearly periods at Rs 44.62 crore.

However, there are some areas that the company needs to work on. The operating cash flow has been the lowest in the last three years at Rs -3.94 crore, indicating a decline in cash revenues from business operations. The debtors turnover ratio has also been the lowest in the last five half-yearly periods, suggesting a slower pace in settling debts.

Overall, Noida Toll Bridge Company has shown a mixed financial performance in the second quarter of FY24-25. Investors should carefully consider these factors before making any investment decisions.