Sundaram Brake Linings Reports Mixed Financial Results for Q2 FY25

Sundaram Brake Linings, a microcap company in the auto ancillary industry, recently announced its financial results for the quarter ending September 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.

According to the financials, Sundaram Brake’s performance in Q2 FY24-25 has been flat, with a score of -3 compared to 2 in the previous quarter. However, there are some positive aspects to the company’s financials. The operating cash flow has been consistently growing over the past three years, with the highest amount of Rs 15.21 crore generated annually. Additionally, the company has been distributing higher dividends to its shareholders, with the highest dividend per share of Rs 2.00 in the last five years. The dividend payout ratio has also been consistently high at 7.80%.

On the other hand, there are some concerning aspects to Sundaram Brake’s financials. The profit after tax for the half-yearly period has decreased by 53.46% year on year, indicating a negative trend in the near term. The net sales for the quarter have also been the lowest in the last five quarters, with a negative trend in the near term.

Overall, Sundaram Brake’s financial performance for the quarter ending September 2024 has been mixed. Investors should carefully consider all aspects before making any investment decisions.