Sicagen India reports strong financial results for Q1 FY25, showing significant improvement in profitability and liquidity.

Sicagen India, a microcap trading company, has recently declared its financial results for the quarter ending Jun 2024. The company has shown positive performance with a score of 10, a significant improvement from -9 in the last 3 months.

One of the key factors contributing to this positive performance is the growth in Profit Before Tax less Other Income (PBT) which has increased by 158.8% to Rs 4.36 crore compared to the average PBT of the previous four quarters at Rs 1.69 crore. This trend is expected to continue in the near term.

Similarly, the Profit After Tax (PAT) has also shown a growth of 82.7% to Rs 4.80 crore compared to the average PAT of the previous four quarters at Rs 2.63 crore. The company’s ability to manage interest payments has also improved with the Operating Profit to Interest ratio being the highest in the last five quarters.

The company has also seen a positive trend in its Net Sales, Operating Profit (PBDIT), and Earnings per Share (EPS) in the last five quarters. Additionally, the company has a strong cash position with Cash and Cash Equivalents being the highest in the last six half yearly periods.

However, one area of concern for Sicagen India is its Debtors Turnover Ratio which has slowed down in the last five half yearly periods. The company’s pace of settling its Debtors needs to be improved in order to maintain a healthy financial position.

Overall, Sicagen India has shown a positive financial performance in the quarter ending Jun 2024, with a ‘Hold’ stock call by MarketsMOJO. The company’s profitability and liquidity have improved, making it a promising investment option in the trading industry.