Garment Mantra's Q2 FY24-25 financials show mixed results, with positive sales trend but rising interest costs

Garment Mantra Lifestyle, a microcap company in the textile industry, 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, Garment Mantra's performance for Q2 FY24-25 has been flat, with a score of 1 compared to 3 in the previous quarter. However, there are some positive aspects to the company's financials. The net sales for the half-yearly period have grown by 24.59% YoY, indicating a positive sales trend in the near term. Additionally, the debtors turnover ratio for the same period is at its highest in the last five half-yearly periods, showing that the company has been able to settle its debtors faster.

On the other hand, there are some areas of concern for Garment Mantra. The interest cost for the nine-month period has increased by 20.22%, indicating a rise in borrowings. Furthermore, the company's cash and cash equivalents for the half-yearly period are at their lowest in the last six periods, indicating a deterioration in short-term liquidity.

Overall, Garment Mantra's financial performance for the quarter has been flat, with some positive and negative aspects. Investors should carefully consider these factors before making any investment decisions.