Techno Electric & Engineering Company's Q2 financials show mixed results, with highest PAT in 5 quarters but declining cash flow and PBT.

Techno Electric & Engineering Company, a midcap capital goods company, recently declared its financial results for the quarter ending September 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, Techno Electric & Engineering Company has seen a flat performance in the second quarter of the fiscal year 2024-25. The company's score has fallen from 11 to 4 in the last three months.

However, there are some positive aspects to the company's financials. The Profit After Tax (PAT) for the quarter was the highest in the last five quarters at Rs 94.21 crore. The near-term trend for PAT is also positive, with a growth of 27.7% year on year.

On the other hand, there are some areas of concern for Techno Electric & Engineering Company. The Operating Cash Flow for the year was the lowest at Rs -198.24 crore and has been falling each year for the past three years. This indicates a decline in the company's cash revenues from business operations.

Additionally, the Profit Before Tax less Other Income (PBT) for the quarter has fallen by -7.73% year on year. The company's Non Operating Income is also high at 37.19% of the PBT, which may not be a sustainable business model.

Overall, Techno Electric & Engineering Company's financial performance for the quarter ending September 2024 has been mixed. Investors are advised to hold their positions and monitor the company's future financial reports for any significant changes.