Simplex Realty's Q2 FY24-25 financial report shows mixed results, with some positives and concerns.

Simplex Realty, a microcap company in the construction and real estate industry, has recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Simplex Realty's performance in Q2 FY24-25 has been flat, with a score of -4 compared to -2 in the previous quarter. However, there are some positive aspects to the company's financials. The Profit After Tax (PAT) for the nine-month period is higher at Rs 1.72 crore compared to the preceding 12-month period of Rs 1.64 crore. This indicates that the company has already surpassed its sales from the previous year in just nine months.

On the other hand, there are some areas of concern for Simplex Realty. The Operating Cash Flow for the year is at its lowest at Rs -6.03 crore and has been falling for the past three years. This suggests that the company's cash revenues from business operations are declining. Additionally, the Non-Operating Income for the quarter is 888.89% of the Profit Before Tax (PBT), indicating that the company's income from non-business activities is high, which may not be a sustainable business model. Furthermore, the company's Cash and Cash Equivalents for the last six half-yearly periods are at its lowest at Rs 0.12 crore, indicating a deteriorating short-term liquidity.

Overall, Simplex Realty's financial performance for the quarter ending September 2024 has been mixed, with some positive and negative aspects. Investors are advised to carefully analyze the company's financials before making any investment decisions.