Satchmo Holdings Reports Mixed Financial Results for Q3 2024
Satchmo Holdings, a microcap company in construction and real estate, reported a negative performance in Q2 of fiscal year 2024-2025 with a score of -11. However, operating cash flow and profit have shown positive trends. Net sales and profit after tax have decreased, but debtors turnover ratio has improved. Investors should carefully consider these factors before investing.
Satchmo Holdings, a microcap company in the construction and real estate industry, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a "Strong Sell" rating by MarketsMOJO.
According to the financial report, Satchmo Holdings has seen a negative performance in the second quarter of the fiscal year 2024-2025, with a score of -11. However, this is an improvement from the previous quarter's score of -15.
The company's operating cash flow has been consistently strong, with an annual high of Rs 33.52 crore and a growth trend over the past three years. Additionally, the operating profit (PBDIT) for the quarter was at its highest in the last five quarters, indicating a positive trend in the near term. The operating profit margin has also improved, showing increased efficiency.
On the other hand, the net sales for the quarter have fallen by 24.5% compared to the average of the previous four quarters. The profit after tax (PAT) for the half-yearly period has also decreased by 75.08% year on year, indicating a negative trend in the near term. The company's cash and cash equivalents have also decreased, raising concerns about short-term liquidity.
Despite these challenges, Satchmo Holdings has been able to settle its debtors faster, with a high debtors turnover ratio of 509.75 times in the last five half-yearly periods.
Overall, Satchmo Holdings has shown mixed financial results for the quarter ending September 2024. Investors should carefully consider these factors before making any investment decisions.
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