Winsome Textile Industries Reports Strong Financial Results for Q2 2024, Receives 'Hold' Rating from MarketsMOJO.
Winsome Textile Industries, a microcap company in the textile industry, 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, Winsome Textile has shown a positive performance in the second quarter of the fiscal year 2024-2025. The company's score has improved from 6 to 13 in the last three months, indicating a significant growth.
One of the key factors contributing to this growth is the Profit After Tax (PAT) for the quarter, which has increased by 67.3% to Rs 8.76 crore compared to the average PAT of the previous four quarters, which was Rs 5.24 crore. This shows a very positive trend in the company's near-term profitability.
Moreover, the company's PAT for the quarter is the highest in the last five quarters, further highlighting its positive performance. The Earnings per Share (EPS) for the quarter has also been the highest in the last five quarters at Rs 4.42, indicating an increase in profitability and higher earnings for shareholders.
In terms of liquidity, Winsome Textile has shown improvement with its Cash and Cash Equivalents reaching a high of Rs 32.11 crore in the last six half-yearly periods. Additionally, the company's Debt-Equity Ratio has been the lowest in the last five half-yearly periods at 0.89 times, indicating a reduction in borrowing compared to equity capital.
Overall, Winsome Textile's financial results for the quarter ending September 2024 have been positive, with various factors contributing to its growth. With a 'Hold' call from MarketsMOJO, the company's performance is expected to continue on a positive trajectory.
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