Cil Securities Reports Flat Performance in Q2, Net Sales Show Growth

Oct 30 2024 04:47 PM IST
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Cil Securities, a microcap finance company, has reported a flat performance in the second quarter of fiscal year 2024-2025. While net sales have increased by 24.11% year on year, cash and cash equivalents have reached a low of Rs 7.24 crore, indicating a decline in short-term liquidity. Investors are advised to carefully assess the company's financials before investing.

Cil Securities, a microcap finance company, has recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Cil Securities has shown a flat performance in the second quarter of the fiscal year 2024-2025. The company's score has decreased from 3 to 1 in the last three months.

However, there are some positive aspects in the financials of Cil Securities. The company's net sales for the nine-month period have grown by 24.11% year on year, reaching Rs 8.39 crore. The sales trend in the near term is also positive.

On the other hand, the company's cash and cash equivalents for the half-yearly period have reached a low of Rs 7.24 crore, which is the lowest in the last six half-yearly periods. This indicates a deterioration in short-term liquidity for Cil Securities.

Cil Securities operates in the finance and non-banking financial company (NBFC) industry and is classified as a microcap company. The company's financial performance for the quarter ending September 2024 is a reflection of its current standing in the market. Investors and experts are advised to carefully analyze the company's financials before making any investment decisions.
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