RIR Power Electronics Reports Positive Financial Results for Q2 2024-25

RIR Power Electronics, a smallcap company in the electronics components industry, has 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, RIR Power Electronics has shown positive performance in the second quarter of the fiscal year 2024-25. The company's score has improved from 15 to 7 in the last three months.

The company's Profit After Tax (PAT) for the nine-month period has grown by 57.14% year on year, reaching Rs 6.49 crore. This indicates a very positive trend in the near term. Similarly, the Net Sales for the half-yearly period has shown a growth of 30.81% year on year, reaching Rs 39.87 crore. The company's Cash and Cash Equivalents have also seen a significant increase, reaching Rs 38.58 crore in the last six half-yearly periods. This shows an improvement in short-term liquidity.

Moreover, RIR Power Electronics has been able to settle its Debtors faster, with the Debtors Turnover Ratio reaching its highest at 3.81 times in the last five half-yearly periods.

In comparison to the previous 12-month period, the company's PAT for the nine-month period has already surpassed the sales of the previous 12 months, reaching Rs 6.49 crore.

Overall, RIR Power Electronics has shown strong financial performance in the recent quarter, with positive trends in key areas such as PAT, Net Sales, and Debtors Turnover Ratio. This indicates a promising future for the company in the electronics components industry.