Steel Strips Wheels' Q2 financials show mixed performance, highest DPS in 5 years
Steel Strips Wheels, a smallcap auto ancillary company, recently declared its financial results for the quarter ending September 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.
According to the financial report, Steel Strips Wheels has shown a flat performance in the second quarter of the fiscal year 2024-2025. However, there has been an improvement in the company's score, which has gone from -12 to -3 in the last three months.
One of the positive aspects of the company's financials is its Dividend per Share (DPS) which is at its highest in the last five years at Rs 1.00. This indicates that the company is distributing higher dividends from its profits.
On the other hand, the company's Operating Cash Flow has been consistently falling in the last three years, with the lowest being at Rs 192.89 Cr. This shows a decline in the company's cash revenues from its business operations.
Moreover, the Profit After Tax (PAT) for the quarter has fallen by -8.5% compared to the average PAT of the previous four quarters. This indicates a negative trend in the near term for the company.
Overall, Steel Strips Wheels has shown a mixed performance in its financials for the quarter ending September 2024. Investors are advised to carefully analyze the company's financials before making any investment decisions.
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