Trident's Q2 financial results show decline in profits and cash flow

Trident, a midcap textile company, recently declared its financial results for the quarter ending September 2024. The company's stock has been given a 'Strong Sell' call by MarketsMOJO.

According to the financial report, Trident has seen a negative performance in the second quarter of the fiscal year 2024-2025. However, there has been a slight improvement in the company's score, which has gone from -20 to -9 in the last three months.

One of the major factors contributing to this negative performance is the decrease in Profit Before Tax (PBT) by 24.30% year on year. The company's PBT trend in the near term is also showing a negative trend. Additionally, the interest cost has increased by 32.35% over the preceding nine months period, indicating a rise in borrowings.

Moreover, Trident's operating cash flow has been at its lowest in the last three years, standing at Rs 287.30 crore. This signifies a decline in the company's cash revenues from business operations.

Furthermore, the Profit After Tax (PAT) for the quarter has also fallen by 8.2% year on year, with a negative trend in the near term. These financial results indicate that Trident is facing challenges in its operations and may need to take corrective measures to improve its performance.

Investors and experts are advised to take note of these financial results and make informed decisions regarding their investments in Trident. The company may need to address its financial issues to regain the trust of its stakeholders and improve its overall performance in the future.