REC Ltd's Q2 financials show mixed results, with highest net sales and operating profit but declining cash flow
REC Ltd, a largecap finance company, has recently declared its financial results for the quarter ending September 2024. The company's stock call has been rated as 'Hold' by MarketsMOJO, indicating a neutral stance on the stock.
According to the financial report, REC Ltd has shown a flat performance in the second quarter of the fiscal year 2024-25. The company's score has decreased from 9 to 0 in the last three months. However, there are some positive aspects to the company's financials.
REC Ltd's net sales for the quarter were the highest at Rs 13,682.43 crore and have shown growth in each of the last five quarters. This indicates a positive trend in the company's near-term sales performance. Additionally, the company's operating profit (PBDIT) for the quarter was also the highest at Rs 13,585.10 crore, showing a positive trend in the near term.
On the other hand, the company's operating cash flow for the year has been the lowest at Rs -57,722.65 crore and has fallen each year in the last three years. This indicates a decline in the company's cash revenues from business operations.
Overall, REC Ltd's financial performance for the quarter has been mixed, with some positive and negative aspects. Investors are advised to hold their positions on the stock, as recommended by MarketsMOJO.
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