Vedanta's Q2 FY24-25 financials show strong growth potential, receives 'Buy' call from MarketsMOJO.
Vedanta, a leading player in the non-ferrous metal industry, has recently declared its financial results for the quarter ending September 2024. The company has received a 'Buy' call from MarketsMOJO, indicating a positive outlook for investors.
According to the financials, Vedanta has shown a strong performance in the second quarter of FY24-25. The company's score has remained consistent in the last three months, showcasing its stability and growth potential.
One of the key highlights of the financials is the significant growth in Profit After Tax (PAT) for the quarter. At Rs 2,980.80 crore, the PAT has grown by 124.1% compared to the average PAT of the previous four quarters. This indicates a strong and positive trend in the company's profitability. Additionally, Vedanta has also generated the highest Operating Cash Flow of Rs 35,654.00 crore in the last three years, showcasing its ability to generate cash revenues from its business operations.
On the other hand, there are some areas that need improvement for Vedanta. The company's interest cost has increased by 20.03% (QoQ) and is at its highest in the last five quarters. This signifies increased borrowings and can have an impact on the company's financials in the long run. Moreover, the Debtors Turnover Ratio, which measures the pace of settling debtors, has slowed down in the last five half-yearly periods. This is an area that the company needs to focus on to improve its financial efficiency.
Another aspect to note is the increase in Non-Operating Income, which is at its highest in the last five quarters. While this may seem positive, it is important to note that this income is from non-business activities and may not be sustainable in the long run.
Overall, Vedanta's financial results for the quarter ending September 2024 have shown a positive trend with some areas that need improvement. With a 'Buy' call from MarketsMOJO, the company's future looks promising for investors.
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