Ashnoor Textile Mills Reports Strong Financial Performance in Q2 2024.

Ashnoor Textile Mills, 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, Ashnoor Textile has shown a very positive performance in the second quarter of the fiscal year 2024-2025. The company's score has improved from 22 to 28 in the last three months.

One of the key factors contributing to this growth is the significant increase in Profit Before Tax (PBT) less Other Income, which has grown by 814.0% compared to the average PBT of the previous four quarters. The trend for PBT in the near term is also very positive.

Similarly, the Profit After Tax (PAT) has also shown a significant growth of 183.5% compared to the average PAT of the previous four quarters. The company's Net Sales have also increased by 21.0% compared to the average of the previous four quarters, indicating a positive sales trend in the near term.

Ashnoor Textile's Operating Profit (PBDIT) for the quarter is the highest in the last five quarters, showing a positive trend in the near term. The company's Operating Profit Margin has also improved, reaching its highest at 17.42% in the last five quarters, indicating an increase in efficiency.

The company's Non Operating Income, however, is 38.06% of its Profit Before Tax, which is a cause for concern as it indicates a high reliance on non-business activities for income.

Overall, Ashnoor Textile's financial performance for the quarter ending September 2024 has been very positive, with increasing profitability and higher earnings per share for shareholders. However, the company's high reliance on non-business income is something to keep an eye on.