Remsons Industries Reports Flat Performance in Q2, Highest Net Sales in 5 Quarters

Remsons Industries, a microcap company in the auto ancillary industry, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, Remsons Ind has shown a flat performance in the second quarter of the fiscal year 2024-2025. The company's score has decreased from 4 to -1 in the last three months.

However, there are some positive aspects to the company's financials. The net sales for the quarter were the highest in the last five quarters, standing at Rs 91.31 crore. The sales trend in the near term is also positive.

On the other hand, the profit after tax (PAT) for the quarter has fallen by 8.6% compared to the average PAT of the previous four quarters. The non-operating income for the quarter is also high, accounting for 38.19% of the profit before tax (PBT). This indicates that the company's income from non-business activities is not sustainable in the long run.

Another concerning factor is the debtors turnover ratio, which is at its lowest in the last five half-yearly periods. This suggests that the company's pace of settling its debtors has slowed down.

Overall, Remsons Industries has shown a mixed performance in the recent quarter. Investors are advised to hold their positions and keep a close eye on the company's future financial reports.