Ginni Filaments reports mixed financial results for Q2 2024, with highest EPS in 5 quarters
Ginni Filaments, a microcap textile company, has reported a negative performance in the second quarter of fiscal year 2024-2025, with a score of -12. However, the company's EPS has increased, indicating higher profitability for shareholders. On the other hand, PBT and net sales have decreased, and the company's efficiency has declined. Investors should carefully evaluate these factors before investing.
Ginni Filaments, a microcap textile company, has recently declared its financial results for the quarter ending September 2024. The stock has been given a 'Strong Sell' call by MarketsMOJO.
According to the financial report, the company has seen a negative performance in the second quarter of the fiscal year 2024-2025, with a score of -12 compared to 4 in the previous quarter. However, there are some positive aspects to the financials as well.
The company's earnings per share (EPS) for the quarter were at its highest in the last five quarters, at Rs 0.01. This indicates an increase in profitability and higher earnings for shareholders.
On the other hand, there are some areas of concern for Ginni Filaments. The profit before tax (PBT) less other income for the quarter has fallen by -121.60% year on year, and the net sales for the half-yearly period have also decreased by -44.48% year on year. The company's ability to manage interest payments has also deteriorated, with the operating profit to interest ratio at its lowest in the last five quarters.
The operating profit margin has also decreased each quarter in the last five quarters, indicating a decline in the company's efficiency. The operating profit and PBT less other income for the quarter were also at their lowest in the last five quarters.
Overall, Ginni Filaments has seen a negative trend in its financial performance for the quarter ending September 2024. Investors should carefully consider these factors before making any investment decisions.
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