Liberty Shoes Announces Q2 Financial Results, Stock Rated 'Hold' by MarketsMOJO

Nov 14 2024 09:44 AM IST
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Liberty Shoes, a leading consumer durables company, has reported its financial results for the second quarter of fiscal year 2024-2025. While the company's net sales have shown a positive trend, its profit after tax has decreased by 45.4%. MarketsMojo recommends holding positions in the company's stock.

Liberty Shoes, a leading player in the consumer durables industry, has recently announced its financial results for the quarter ending September 2024. The company's stock call has been declared as 'Hold' by MarketsMOJO, a leading financial analysis platform.

According to the financial report, Liberty Shoes has seen a flat performance in the second quarter of the fiscal year 2024-2025. The company's score has fallen from 14 to 3 in the last three months, indicating a decline in its financial performance.

However, there are some positive aspects to the company's financials. The net sales for the quarter were the highest in the last five quarters, standing at Rs 171.80 crore. This shows a positive trend in the company's sales in the near term.

On the other hand, the profit after tax (PAT) for the quarter was at Rs 2.19 crore, which is a decrease of 45.4% compared to the average PAT of the previous four quarters, which was Rs 4.02 crore. This indicates a very negative trend in the company's PAT in the near term.

Despite the mixed financial results, Liberty Shoes remains a strong player in the consumer durables industry. Investors are advised to hold their positions in the company's stock, as per the recommendation of MarketsMOJO.
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