Texmo Pipes & Products reports mixed financial results for Q2 FY25
Texmo Pipes & Products, a microcap company in the plastic products industry, recently declared its financial results for the quarter ending September 2024. According to the report released on November 14, 2024, the stock call for Texmo Pipes is ‘Strong Sell’ by MarketsMOJO.
The company has seen a negative financial performance in the second quarter of the fiscal year 2024-25, with a score of -8 compared to -3 in the previous quarter. However, there are some positive aspects to the company’s financials based on the September 2024 results.
Texmo Pipes has shown a significant growth in its Profit After Tax (PAT) for the quarter, with a 170.2% increase year on year, reaching Rs 2.54 crore. The company’s cash and cash equivalents have also seen a positive trend, with the highest amount of Rs 12.86 crore in the last six half-yearly periods, indicating an improvement in short-term liquidity.
On the other hand, there are some areas of concern for Texmo Pipes based on the September 2024 financials. The company’s net sales for the quarter have fallen by -47.84% year on year, and the trend for near-term sales is negative. The interest cost for the half-yearly period has also increased by 22.90%, indicating a rise in borrowings. Additionally, the company’s Debtors Turnover Ratio has been consistently decreasing in the last five half-yearly periods, indicating a slower pace in settling its debtors.
In conclusion, Texmo Pipes & Products has shown a mixed performance in the September 2024 financials, with some positive and negative trends. Investors should carefully consider these factors before making any investment decisions.
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