Weizmann's Q3 financial report shows mixed results, with positive sales and profit growth.

Weizmann, a microcap textile company, has recently announced 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, Weizmann's performance for the quarter has been flat, with a score of 0 compared to -20 in the previous quarter. However, there are some positive trends seen in the company's financials.

The net sales for the quarter were the highest in the last five quarters, at Rs 31.44 crore. This shows a positive trend in the company's sales performance. The operating profit (PBDIT) for the quarter was also the highest in the last five quarters, at Rs 3.80 crore. This indicates an improvement in the company's efficiency.

The profit before tax (PBT) for the quarter was at Rs 2.97 crore, which is a 30.1% increase from the average PBT of the previous four quarters. The profit after tax (PAT) for the quarter was at Rs 2.25 crore, showing a 31.0% increase from the average PAT of the previous four quarters.

However, there are some areas where Weizmann needs to improve. The operating cash flow for the year was the lowest in the last three years, indicating a decline in the company's cash revenues from business operations. The cash and cash equivalents for the half-yearly period were also at its lowest, showing a deterioration in short-term liquidity. Additionally, the dividend payout ratio for the year was the lowest in the last five years, indicating that the company is distributing a lower proportion of profits as dividends.

Overall, Weizmann's financial performance for the quarter has been mixed, with some positive and negative trends. Investors are advised to hold their stock and keep an eye on the company's future financial reports for a better understanding of its performance.