Olympic Cards faces challenges, declares Q2 results with slight improvement in performance.

Despite facing challenges in the printing and publishing industry, microcap company Olympic Cards has recently declared its financial results for the quarter ending September 2024. The company's stock has been given a 'Strong Sell' rating by MarketsMOJO.

According to the financial report, Olympic Cards has shown a flat performance in the second quarter of the fiscal year 2024-2025. However, there has been a slight improvement in the company's score, which has gone from -6 to -5 in the last three months.

The positive aspects of Olympic Cards' financials include the highest Profit Before Tax (PBT) of Rs -1.13 crore in the last five quarters. The near-term trend for PBT is also positive. On the other hand, the company has faced challenges in terms of net sales, which have decreased by -31.14% year on year. The trend for both Profit After Tax (PAT) and Debtors Turnover Ratio has also been negative.

Moreover, the company's cash and cash equivalents have reached a low of Rs 0.24 crore in the last six half-yearly periods, indicating a deteriorating short-term liquidity. The Debtors Turnover Ratio has also slowed down, with the lowest figure of 2.06 times in the last five half-yearly periods.

Despite these challenges, Olympic Cards remains committed to its business and is continuously working towards improving its financial performance. The company is determined to overcome the obstacles in the printing and publishing industry and is focused on achieving growth in the upcoming quarters.