Lokesh Machines Reports Mixed Performance in Q2 2024 Financial Results

Lokesh Machines, a microcap engineering company, 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, Lokesh Machines has seen a flat performance in the second quarter of the fiscal year 2024-2025. The company's score has fallen from 5 to 2 in the last three months. However, there are some positive aspects to the company's financials.

The Profit After Tax (PAT) for the nine-month period has shown a growth of 31.24% year on year, reaching Rs 9.20 crore. This indicates a positive trend in the near term. The company's Operating Profit Margin for the quarter is at its highest in the last five quarters, standing at 16.12%. This shows an improvement in the company's efficiency. Additionally, the Cash and Cash Equivalents for the half-yearly period have also reached their highest at Rs 8.78 crore, indicating an improvement in short-term liquidity.

However, there are also some areas of concern for Lokesh Machines. The company's interest cost for the half-yearly period has increased by 27.65% compared to the previous period, reaching Rs 7.48 crore. This suggests that the company has taken on more borrowings, which could impact its financial stability.

Overall, Lokesh Machines has shown a mixed performance in the recent quarter. Investors should carefully consider all aspects of the company's financials before making any investment decisions.