Supertex Industries Reports Mixed Financial Results for Q2 2024, Operating Cash Flow and PAT Show Positive Trends

Nov 13 2024 07:37 PM IST
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Supertex Industries, a microcap textile company, has reported a flat performance in the second quarter of fiscal year 2024-25. While operating cash flow and profit after tax have shown positive trends, net sales have decreased significantly. Investors should carefully evaluate all factors before making any investment decisions.

Supertex Industries, a microcap textile company, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Strong Sell' rating by MarketsMOJO.

According to the financial report, Supertex Industries has experienced a flat performance in the second quarter of the fiscal year 2024-25. In the last three months, the company's score has dropped from 10 to 2.

However, there are some positive aspects to the company's financials. The operating cash flow for the year has been the highest in the last three years at Rs 5.38 crore. This indicates that the company has generated higher cash revenues from its business operations. Additionally, the profit after tax (PAT) for the quarter was the highest in the last five quarters at Rs 0.56 crore, showing a positive trend in the near term. The earnings per share (EPS) for the quarter was also the highest in the last five quarters at Rs 0.49, indicating an increase in profitability and higher earnings for shareholders.

On the other hand, there are some areas of concern for Supertex Industries. The net sales for the quarter were at Rs 12.42 crore, which is a significant decrease of -53.15% year on year (YoY). The near term sales trend is also negative, with the lowest net sales in the last five quarters. This indicates a decline in sales for the company.

Overall, Supertex Industries has reported a mixed financial performance for the quarter ending September 2024. Investors should carefully consider all the factors before making any investment decisions.
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