Dhanlaxmi Fabric's Q2 financials show mixed results, with highest operating profit and EPS but declining sales and cash reserves.

Dhanlaxmi Fabric, a microcap textile company, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Strong Sell' call by MarketsMOJO.

According to the financial report, Dhanlaxmi Fabric has seen a negative performance in the second quarter of the fiscal year 2024-2025, with a score of -6 compared to -5 in the previous quarter. However, there are some positive aspects to the company's financials.

The operating profit (PBDIT) for the quarter was the highest in the last five quarters at Rs -0.57 crore. This indicates a positive trend in the near term for the company's operating profit. Additionally, the earnings per share (EPS) for the quarter was also the highest in the last five quarters at Rs 0.10. This shows that the company has been able to increase profitability and generate higher earnings for its shareholders.

On the other hand, there are some areas of concern for Dhanlaxmi Fabric. The net sales for the half-yearly period have decreased by -27.53% year on year, indicating a negative trend in the near term. Similarly, the profit after tax (PAT) for the same period has also decreased by -27.53% year on year. The company's cash and cash equivalents have also decreased to the lowest in the last six half-yearly periods, indicating a deteriorating short-term liquidity.

Overall, Dhanlaxmi Fabric's financial performance for the quarter ending September 2024 has been mixed, with some positive and negative aspects. Investors should carefully consider these factors before making any investment decisions.