Super Spinning Mills Reports Flat Performance in Q2, But Shows Strong Operating Cash Flow and Higher EPS

Super Spinning Mills, a microcap textile company, 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 financial report, Super Spinning has seen a flat performance in the second quarter of the fiscal year 2024-2025. The company's score has fallen from 3 to -2 in the last three months.

However, there are some positive aspects to the company's financials. Super Spinning has shown a strong operating cash flow, with the highest annual amount of Rs 3.76 crore and consistent growth over the past three years. Additionally, the company's profit after tax (PAT) for the half-yearly period is higher at Rs 0.98 crore compared to the previous 12 months.

The company's earnings per share (EPS) for the quarter are also at its highest in the last five quarters, at Rs -0.02. This indicates an increase in profitability and higher earnings for shareholders.

On the other hand, there are some areas of concern for Super Spinning. The net sales for the nine-month period have decreased by -80.03% year on year, indicating a negative trend in sales. The company's profit before tax (PBT) less other income for the quarter is also at its lowest in the last five quarters, at Rs 0.38 crore. This suggests a negative trend in the near term for PBT.

Overall, Super Spinning Mills has shown a mixed performance in the recent quarter, with some positive and negative aspects. Investors are advised to carefully analyze the company's financials before making any investment decisions.