Schaeffler India's Q2 FY25 Financial Report Shows Mixed Results, Net Sales Reach 5-Quarter High
Schaeffler India, a leading player in the bearings 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, Schaeffler India’s performance has remained flat in the quarter, with a score of -2 compared to 6 in the previous three months. However, there are some positive and negative aspects to the company’s financials.
On the positive side, the company’s net sales for the quarter were the highest in the last five quarters, reaching Rs 2,116.35 crore. This indicates a positive trend in near-term sales for Schaeffler India.
On the other hand, the company’s cash and cash equivalents have decreased to the lowest in the last six half-yearly periods, at Rs 1,112.13 crore. This suggests a deteriorating short-term liquidity for the company. Additionally, the debtors turnover ratio for the company has also decreased to the lowest in the last five half-yearly periods, at 5.70 times. This indicates a slower pace in settling the company’s debtors.
Overall, Schaeffler India’s financial performance for the quarter ending September 2024 has been mixed. While the company has seen a positive trend in net sales, its cash and liquidity situation, as well as debtors turnover, have shown a decline. Investors are advised to hold their position on the stock, as per MarketsMOJO’s recommendation.
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