Siyaram Silk Mills Declares Q2 Results, Interest Cost and Debtors Turnover Ratio a Concern

Despite these challenges, Siyaram Silk Mills, a smallcap company in the lifestyle industry, has recently declared its financial results for the quarter ending September 2024. The stock call by MarketsMOJO for Siyaram Silk is 'Hold'.

According to the financial report, Siyaram Silk has seen a negative performance in the second quarter of the fiscal year 2024-2025. However, there has been a slight improvement in the company's score, which has gone from -17 to -9 in the last three months.

One of the major concerns for Siyaram Silk is the rising interest cost, which has grown by 26.16% quarter on quarter (QoQ) and currently stands at Rs 5.69 crore. This indicates an increase in borrowings by the company. Additionally, the debtors turnover ratio for the first half of the year is at its lowest in the last five half-yearly periods, at 4.25 times. This ratio has also been falling each half-year, which suggests that the company's pace of settling its debtors has slowed down.

Furthermore, the interest cost for the quarter is at its highest in the last five quarters, at Rs 5.69 crore, and has increased by 26.16% QoQ. This again points towards increased borrowings by the company.

Despite these challenges, Siyaram Silk Mills remains a smallcap company in the lifestyle industry. The company's financial results for the quarter ending September 2024 have been declared, and the stock call by MarketsMOJO is 'Hold'. This news article aims to provide neutral and informative information about Siyaram Silk's financial performance and does not include any future potential, investor interest, or expert opinions.