Palco Metals Ltd Shows Strong Performance in Q2, Sales and Cash Flow on the Rise

Palco Metals Ltd, a microcap company in the aluminium and aluminium products industry, has recently declared its financial results for the quarter ending September 2024. The stock call for the company by MarketsMOJO is 'Hold'.

According to the financial report, Palco Metals Ltd has shown a very positive performance in the second quarter of the fiscal year 2024-2025. The company's score has improved from 29 to 23 in the last three months.

One of the key factors contributing to this positive performance is the net sales, which have grown by 40.69% year on year, reaching Rs 113.30 crore in the first half of the year. The sales trend in the near term is also very positive for the company.

Another highlight of the financial report is the operating cash flow, which has been the highest at Rs 1.67 crore annually and has shown consistent growth in the last three years. This indicates that the company has been able to generate higher cash revenues from its business operations.

The profit after tax (PAT) for the quarter stands at Rs 1.55 crore, showing a growth of 61.5% over the average PAT of the previous four quarters, which was Rs 0.96 crore. The near term trend for PAT is also very positive for Palco Metals Ltd.

Overall, the financial results for the quarter ending September 2024 show a strong performance by Palco Metals Ltd. With a 'Hold' stock call by MarketsMOJO, investors can keep a close eye on the company's future performance.