Maha Rashtra Apex Corporation's Q2 results show decline, 'Hold' rating given by MarketsMOJO.

This is not a good sign for investors.
Maha Rashtra Apex Corporation, a microcap finance company, has recently declared its financial results for the quarter ending September 2024. The company's stock call has been given a 'Hold' rating by MarketsMOJO.

According to the financial report, the company has seen a flat performance in the second quarter of the fiscal year 2024-2025. The score has fallen from 6 to -2 in the last three months, indicating a decline in overall performance.

One of the major factors contributing to this decline is the Profit Before Tax (PBT) less Other Income, which has fallen by 109.9% to Rs -8.82 crore compared to the average PBT of the previous four quarters, which was Rs 88.78 crore. This trend is expected to continue in the near term, which is a cause for concern for investors.

Similarly, the Profit After Tax (PAT) has also seen a significant decline of 109.7% to Rs -8.63 crore compared to the average PAT of the previous four quarters, which was Rs 88.90 crore. This indicates a negative trend in the company's profitability.

Moreover, the company's Operating Cash Flow has been consistently falling over the last three years, with the latest figure being the lowest at Rs -8.86 crore. This is a red flag for investors as it shows a decline in the company's cash revenues from business operations.

In conclusion, Maha Rashtra Apex Corporation's financial performance for the quarter ending September 2024 has been disappointing, with a decline in key metrics. Investors are advised to hold their stock and closely monitor the company's performance in the coming months.