Indian Metals & Ferro Alloys Reports Strong Financial Performance in Q2 2024.

Indian Metals & Ferro Alloys, a smallcap company in the ferro and silica manganese industry, has recently declared its financial results for the quarter ending September 2024. The stock has been given a 'Hold' call by MarketsMOJO.

According to the financials, Indian Metals has shown positive performance in the second quarter of the fiscal year 2024-2025. The company's score has improved from 12 to 11 in the last three months.

One of the key highlights of the financials is the company's strong operating cash flow, which has been the highest in the last three years at Rs 512.08 crore. This indicates that the company has generated higher cash revenues from its business operations.

The operating profit (PBDIT) for the quarter has also been the highest in the last five quarters at Rs 170.45 crore, showing a positive trend in the near term. The operating profit margin has also improved, reaching its highest at 24.63% in the last five quarters, indicating an increase in the company's efficiency.

The profit before tax (PBT) has also seen a positive trend, with the current quarter's PBT of Rs 151.21 crore being the highest in the last five quarters. This is a growth of 26.6% over the average PBT of the previous four quarters. The profit after tax (PAT) has also shown a similar trend, with the current quarter's PAT of Rs 125.02 crore being the highest in the last five quarters. This is a growth of 25.9% over the average PAT of the previous four quarters.

The company's earnings per share (EPS) for the quarter have also been the highest in the last five quarters at Rs 23.17, indicating an increase in profitability and higher earnings for shareholders.

However, there are some areas that need improvement, as seen in the financials. The debtors turnover ratio for the half-yearly period has been the lowest in the last five periods, indicating a slower pace in settling debts. Additionally, the non-operating income for the quarter has been the highest in the last five quarters, which may not be sustainable in the long run.

Overall, Indian Metals & Ferro Alloys has shown positive financial performance in the recent quarter, with some areas that need attention for further growth and improvement.