Welspun Living Reports Mixed Financial Results for Q2 2024, Highest Sales and Profit in 5 Quarters
Welspun Living, a midcap textile company, 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, Welspun Living has seen a negative performance in the second quarter of the fiscal year 2024-2025, with a score of -10 compared to 2 in the previous quarter. However, there are some positive aspects to the company's financials.
The net sales for the quarter were the highest in the last five quarters at Rs 2,873.09 crore, indicating a positive trend in sales. The profit after tax (PAT) for the quarter was also the highest in the last five quarters at Rs 201.00 crore, showing a positive trend in profitability. The earnings per share (EPS) for the quarter were also the highest in the last five quarters at Rs 2.10, indicating an increase in profitability and higher earnings for shareholders.
On the other hand, there are some areas that need improvement for Welspun Living. The interest cost for the quarter has increased by 26.49% compared to the previous quarter, indicating a rise in borrowings. The company's ability to manage interest payments has also decreased, with the operating profit to interest ratio being the lowest in the last five quarters. The debtors turnover ratio has also fallen each half year in the last five periods, showing a slower pace in settling debts.
The company's operating cash flow has also decreased, with the lowest amount of Rs 532.84 crore in the last three years. The dividend payout ratio has also been the lowest in the last five years, indicating a lower distribution of profits as dividends. Additionally, the non-operating income for the quarter was the highest in the last five quarters, but it may not be sustainable as it comes from non-business activities.
Overall, Welspun Living's financial performance for the quarter ending September 2024 has been mixed, with some positive and negative aspects. Investors are advised to hold their stock and keep an eye on the company's future financial reports.
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