Summit Securities Reports Outstanding Financial Results for Q2 FY25

Summit Securities, a smallcap finance company, has recently declared its financial results for the quarter ended September 2024. The company has shown an outstanding performance with a score of 33, which is a significant improvement from the previous score of 19 in the last three months.

According to the financials, Summit Securities has seen a remarkable growth in its net sales, which has increased by 100.19% year on year. The company’s profit before tax less other income has also shown a positive trend with a growth of 101.94% year on year. Similarly, the profit after tax has increased by 96.1% year on year, indicating a strong financial performance.

In the last five quarters, Summit Securities has recorded its highest net sales and operating profit, with a positive trend in both. The company’s operating profit margin has also improved, reaching its highest at 98.74%. This shows that the company’s efficiency has increased, resulting in higher profitability.

However, one area of concern for Summit Securities is its operating cash flow, which has been consistently falling in the last three years. In the latest financials, the operating cash flow was recorded at its lowest of Rs 36.18 crore. This indicates that the company’s cash revenues from business operations are declining.

Overall, Summit Securities has shown a strong financial performance in the quarter ended September 2024. With a ‘Hold’ call from MarketsMOJO, investors may want to keep an eye on the company’s future financial results to make informed investment decisions.