Pradeep Metals Reports Strong Financial Performance in Q2 2024-2025
Pradeep Metals, a microcap company in the castings and forgings industry, has recently announced its financial results for the quarter ending September 2024. The results have been declared on October 29, 2024.According to MarketsMOJO, a leading financial analysis platform, the stock call for Pradeep Metals is 'Hold'. This is based on the company's positive financial performance in the second quarter of the fiscal year 2024-2025. In the last three months, the company's score has fallen from 18 to 9.
The company's financials for the quarter ending September 2024 show promising growth. The Profit After Tax (PAT) for the first half of the year stands at Rs 13.46 crore, which is a significant increase of 76.87% compared to the same period last year. The near-term trend for PAT is also very positive. Additionally, the Debt-Equity Ratio for the first half of the year is at its lowest at 0.60 times and has been decreasing over the last five half-yearly periods. This indicates that the company has been reducing its borrowing in comparison to its equity capital.
The Profit Before Tax less Other Income (PBT) for the quarter ending September 2024 is at Rs 7.61 crore, showing a growth of 22.54% compared to the same period last year. The near-term trend for PBT is also positive.
Overall, Pradeep Metals has shown a strong financial performance in the second quarter of the fiscal year 2024-2025. With a 'Hold' stock call from MarketsMOJO, the company's future looks promising.
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