Synergy Green Industries Reports Positive Financial Performance in Q2 FY25
Synergy Green Industries, a microcap company in the castings and forgings industry, has recently announced its financial results for the quarter ending September 2024. The company has shown positive performance in this quarter, with a score of 14, an improvement from the previous score of 10 in the last three months.
One of the key factors contributing to this positive performance is the company’s ability to manage interest payments, with the Operating Profit to Interest ratio being the highest in the last five quarters at 3.51 times. Additionally, the Profit Before Tax less Other Income has grown by 69.7% compared to the average of the previous four quarters, indicating a very positive trend in the near term.
Synergy Green has also generated higher cash revenues from business operations, with the Operating Cash Flow being the highest in the last three years at Rs 37.69 crore. The company has also seen a positive trend in its net sales, with the highest recorded in the last five quarters at Rs 88.91 crore.
The Operating Profit (PBDIT) has also shown a positive trend, being the highest in the last five quarters at Rs 13.12 crore. This is reflected in the Operating Profit Margin, which is also the highest in the last five quarters at 14.76%, indicating an improvement in the company’s efficiency.
The Profit Before Tax less Other Income and Profit After Tax have also shown positive trends, with the highest recorded in the last five quarters at Rs 6.14 crore and Rs 4.16 crore respectively. The company’s earnings per share have also increased, with the highest recorded in the last five quarters at Rs 2.94.
However, one area of concern for Synergy Green is the Debtors Turnover Ratio, which is the lowest in the last five half-yearly periods at 6.42 times. This indicates a slowdown in the company’s pace of settling its debtors.
Overall, Synergy Green Industries has shown a positive financial performance in the quarter ending September 2024, with improvements in various key areas. The stock call by MarketsMOJO for the company is ‘Hold’, indicating a neutral stance for investors.
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