Swiss Military Reports Positive Growth in Q1 FY25 Financials, Stock Rated 'Hold' by MarketsMOJO

Swiss Military Consumer Goods, a microcap company in the lifestyle industry, has recently announced its financial results for the quarter ending June 2024. The company’s stock call has been declared as ‘Hold’ by MarketsMOJO.

According to the financial report, Swiss Military has shown positive performance in the quarter, with a score of 6 compared to 24 in the previous three months. This indicates a growth in the company’s financials.

One of the key factors contributing to this growth is the increase in net sales, which have grown at a rate of 25.90% year on year, reaching Rs 100.48 crore in the first half of the year. The company’s profitability has also improved, with a 30.16% growth in profit after tax (PAT) in the first nine months of the year.

However, there are some areas that need improvement for Swiss Military. The company’s earnings per share (EPS) for the quarter were at its lowest in the last five quarters, at Rs 0.08. This indicates a decline in profitability and lower earnings for shareholders. Additionally, the company’s debtors turnover ratio for the first half of the year was at its lowest in the last five periods, indicating a slower pace in settling debts.

Despite these challenges, Swiss Military has shown positive growth in its financials for the quarter ending June 2024. Investors are advised to hold their stocks for now, as the company continues to work towards improving its performance.