Dhanuka Agritech's Q2 FY25 Financials Show Positive Growth, But Inventory Turnover Ratio Slows.
Inventory Turnover Ratio- Half Yearly: Lowest at 3.04 times in the last five half yearly periods.Company’s pace of selling its Inventory has slowed. Dhanuka Agritech, a midcap company in the pesticides and agrochemicals industry, has recently declared its financial results for the quarter ending September 2024. The stock call for the company by MarketsMOJO is ‘Hold’.
The company has shown positive financial performance in the second quarter of the fiscal year 2024-25, with a score improvement from 2 to 7 in the last three months. This is a promising sign for the company’s future growth.
Based on the September 2024 financials, Dhanuka Agritech has achieved its highest net sales in the last five quarters, standing at Rs 654.28 crore. The near-term sales trend is also positive, indicating a potential increase in revenue for the company.
The operating profit (PBDIT) for the quarter has also seen a significant improvement, reaching its highest at Rs 159.58 crore in the last five quarters. This shows that the company’s efficiency has improved, leading to a positive operating profit margin of 24.39%.
Moreover, the profit before tax (PBT) and profit after tax (PAT) have also reached their highest in the last five quarters, at Rs 145.86 crore and Rs 117.52 crore respectively. This indicates a positive trend in the company’s profitability and its ability to generate higher earnings for its shareholders.
However, there are some areas that need improvement for Dhanuka Agritech. The debtors turnover ratio and inventory turnover ratio have both reached their lowest in the last five half-yearly periods. This suggests that the company’s pace of settling its debtors and selling its inventory has slowed down.
Overall, Dhanuka Agritech has shown a positive financial performance in the second quarter of FY24-25, with potential for future growth. Investors are advised to hold their stocks in the company, as recommended by MarketsMOJO.
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