SKM Egg Products Export (India) Reports Mixed Financial Results for Q2 2024
SKM Egg Products Export (India) has reported a negative performance in the second quarter of the fiscal year 2024-2025, with a slight improvement in its score. The company has shown strong operating cash flow and improved debtors turnover ratio, but its PBT, PAT, net sales, and EPS have all declined. Investors should carefully consider these factors before making any investment decisions.
SKM Egg Products Export (India) has recently announced its financial results for the quarter ending September 2024. The company, which operates in the FMCG industry and is classified as a microcap, has received a 'Sell' call from MarketsMOJO.
According to the financial report, SKM Egg Products Export (India) 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 -20 to -16 in the last three months.
Despite the negative performance, there are some positive aspects to note from the financials. The company has shown a strong operating cash flow, with the highest annual amount of Rs 109.16 crore and a consistent growth over the past three years. Additionally, the debtors turnover ratio has also improved, with the highest half-yearly figure of 31.35 times and a consistent growth over the past five half-yearly periods. This indicates that the company has been able to settle its debtors faster.
On the other hand, there are some areas that are not performing well for SKM Egg Products Export (India). The profit before tax (PBT) has fallen by 50.7% compared to the average of the previous four quarters, and the profit after tax (PAT) has also fallen by 44.5%. The net sales have also decreased by 16.2% compared to the average of the previous four quarters. This trend is concerning for the company's near-term profitability. Additionally, the earnings per share (EPS) have also declined, indicating lower earnings for shareholders.
Overall, the financial results for the quarter ending September 2024 show a mixed performance for SKM Egg Products Export (India). While there are some positive aspects, there are also areas that need improvement. Investors should carefully consider these factors before making any investment decisions.
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