Rishiroop's Q3 financial report shows mixed results, with positive growth in PAT and Net Sales.

Rishiroop, a microcap company in the rubber products 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, Rishiroop's performance for the quarter has been flat, with a score of 4 out of 5. However, there have been some positive developments in the company's financials. The Profit After Tax (PAT) for the half-yearly period has shown a growth of 38.22% year on year, indicating a positive trend in the near term. The Net Sales for the quarter have also been the highest in the last five quarters, with a positive sales trend in the near term. The Profit Before Tax less Other Income (PBT) for the quarter has grown by 26.1% over the average PBT of the previous four quarters, showing a positive trend in the near term. Additionally, the Debtors Turnover Ratio for the half-yearly period has been the highest in the last five periods, indicating that the company has been able to settle its debtors faster.

However, there are some areas that need improvement for Rishiroop. The Operating Cash Flow for the year has been the lowest in the last three years and has been falling each year. This indicates that the company's cash revenues from business operations are declining. Moreover, the Non-Operating Income for the quarter is 79.29% of the Profit Before Tax (PBT), which is a cause for concern as it shows that the company's income from non-business activities is high, which is not a sustainable business model.

Overall, Rishiroop's financial performance for the quarter has been mixed, with some positive and negative trends. Investors are advised to hold their stock and keep an eye on the company's future financial reports to make informed decisions.