Satchmo Holdings Reports Mixed Financial Results for Q3 2024

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.