Sri Ramakrishna Mills (Coimbatore) Reports Mixed Financial Results for Q2 2024

Sri Ramakrishna Mills (Coimbatore), a microcap textile company, has recently announced its financial results for the quarter ending September 2024. According to the data, the company has seen a flat performance in the second quarter of the fiscal year 2024-25, with a score of -1 compared to 31 in the previous quarter.

Despite this, there are some positive aspects to the company's financials. The operating cash flow for the year has been the highest at Rs 21.41 crore and has shown growth in the last three years. Additionally, the net sales for the first half of the year have grown by 37.38% year on year, indicating a positive sales trend in the near term.

However, there are also some concerning factors in the financial report. The profit before tax less other income (PBT) for the quarter has fallen by -142.9% compared to the average PBT of the previous four quarters. The same trend can be seen in the profit after tax (PAT) which has fallen by -136.3% compared to the average PAT of the previous four quarters. The operating profit (PBDIT) for the quarter is also at its lowest in the last five quarters, and the operating profit margin has deteriorated, indicating a decline in the company's efficiency.

The company's profitability has also been affected, with the PBT for the quarter being the lowest in the last five quarters and the earnings per share (EPS) also at its lowest. This shows a declining trend in the company's profitability and a lower return for shareholders.

Based on these financial results, MarketsMOJO has given a 'Sell' call for Sri Ramakrishna Mills (Coimbatore). Investors should carefully consider these factors before making any investment decisions.