Semac Consultants Reports Mixed Financial Results for Q2 2024

Semac Consultants, a microcap company in the engineering 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, Semac Consultants has seen a very negative performance in the second quarter of the fiscal year 2024-2025. This trend has remained consistent over the past three months.

However, there are some positive aspects to the company's financials. The net sales for the quarter were the highest in the last five quarters at Rs 32.52 crore, showing a positive trend in the near term. The operating profit (PBDIT) for the quarter was also the highest in the last five quarters, indicating an improvement in the company's efficiency.

On the other hand, there are some areas of concern for Semac Consultants. The operating cash flow has been consistently falling over the past three years, indicating a decline in the company's cash revenues from business operations. The interest cost has also increased significantly, which could be a result of increased borrowings. The profit after tax (PAT) for the half-yearly period has also shown a negative trend.

Furthermore, the company's debt-equity ratio is at its highest in the last five half-yearly periods, indicating a higher reliance on borrowing to fund its operations. The debtors turnover ratio has also slowed down, showing a delay in the company's pace of settling its debtors. Additionally, the company has been distributing lower dividends and a lower proportion of profits as dividends in the past five years.

Overall, Semac Consultants' financial performance for the quarter ending September 2024 has been mixed, with some positive and negative aspects. Investors should carefully consider these factors before making any investment decisions.