SRM Energy Ltd's Q2 financials show mixed performance, with positive trends in near term

SRM Energy Ltd, a microcap company in the textile industry, has recently declared its financial results for the quarter ending September 2024. The stock has been given a 'Strong Sell' call by MarketsMOJO. According to the financials, SRM Energy Ltd has shown a flat performance in the second quarter of the fiscal year 2024-2025. The company's score has decreased from 5 to 2 in the last three months. However, there are some positive aspects to the company's financials. The operating profit (PBDIT) for the quarter is the highest in the last five quarters, indicating a positive trend in the near term. The profit before tax less other income (PBT) and profit after tax (PAT) are also at their highest in the last five quarters, with a positive trend in the near term. The earnings per share (EPS) have also increased, showing a higher profitability for shareholders. On the other hand, the cash and cash equivalents for the half-yearly period are at their lowest in the last six periods, indicating a deteriorating short-term liquidity for the company. Overall, SRM Energy Ltd's financial results for the quarter ending September 2024 show a mixed performance. Investors should carefully consider all aspects before making any investment decisions.