Positive Financial Results for Asian Energy Services in Q2 FY25

Asian Energy Services, a smallcap company in the oil exploration and refineries industry, has recently announced its financial results for the quarter ending September 2024. The stock call for the company by MarketsMOJO is ‘Hold’.

According to the financials, Asian Energy has shown a very positive performance in the second quarter of the fiscal year 2024-25. The company’s score has improved from 16 to 27 in the last three months.

One of the key highlights of the financial results is the significant growth in Profit After Tax (PAT) for the half-yearly period, which has increased by 673.23% year on year. This trend is expected to continue in the near future. Additionally, the company’s Profit Before Tax less Other Income (PBT) for the quarter has grown by 50.6% compared to the average PBT of the previous four quarters. This indicates a positive trend in the near term.

The company’s Net Sales for the quarter have also shown a growth of 22.4% compared to the average Net Sales of the previous four quarters. This is a positive sign for the company’s sales performance in the near future.

Furthermore, Asian Energy has a strong cash position with cash and cash equivalents of Rs 73.79 crore in the last six half-yearly periods. This indicates an improvement in short-term liquidity for the company.

Another positive aspect of the financial results is the Debtors Turnover Ratio, which is at its highest at 3.55 times in the last five half-yearly periods. This shows that the company has been able to settle its debtors faster.

Overall, the financial results for the quarter ending September 2024 have been very positive for Asian Energy Services. With a strong performance in key areas, the company is expected to continue its growth in the near future.