Odyssey Corporation's Q2 financial report shows mixed performance with highest PAT and EPS in 5 quarters

Odyssey 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, Odyssey Corporation has shown a flat performance in the second quarter of the fiscal year 2024-2025. However, there has been an improvement in the company's score from -10 to -2 in the last three months.

The company's profit after tax (PAT) for the quarter was the highest in the last five quarters at Rs 1.76 crore, indicating a positive trend in the near term. Similarly, the earnings per share (EPS) for the quarter was also the highest in the last five quarters at Rs 0.45, showing an increase in profitability and creating higher earnings for shareholders.

On the other hand, the profit before tax (PBT) less other income for the quarter has fallen by -115.04% year on year, and the net sales for the nine-month period have also decreased by -69.88% year on year. This indicates a very negative trend in the near term for PBT and sales.

Moreover, the company's non-operating income for the quarter is 104.69% of the PBT, which suggests that the company's income from non-business activities is high and may not be a sustainable business model. The non-operating income for the quarter was also the highest in the last five quarters at Rs 4.46 crore, which may not be sustainable in the long run.

Overall, Odyssey Corporation's financial results for the quarter ending September 2024 show a mixed performance with some positive and negative trends. Investors are advised to carefully analyze the company's financials before making any investment decisions.