Smartlink Holdings Reports Positive Q2 Results, Debtors Turnover Ratio at Record High

Smartlink Holdings, a microcap trading company, has recently announced its financial results for the quarter ending September 2024. The results have been declared on November 7, 2024.

According to the financial report, Smartlink Holdings has shown positive performance in the second quarter of the fiscal year 2024-2025. The company's score has remained consistent in the last three months.

One of the key factors contributing to the company's success is its net sales, which have grown by 28.45% year on year, reaching Rs 180.11 crore. The company has also shown a positive sales trend in the near term.

Another positive aspect of Smartlink Holdings' financials is its debtors turnover ratio, which is at its highest at 4.50 times in the last five half-yearly periods. This indicates that the company has been able to settle its debtors at a faster rate.

However, the company's profit after tax (PAT) for the quarter has fallen by -65.9% compared to the average PAT of the previous four quarters. This is a cause for concern as it shows a very negative trend in the near term.

Based on these financial results, MarketsMOJO has given a 'Sell' call for Smartlink Holdings' stock. Investors should carefully consider these factors before making any investment decisions.