Minda Corp's Q2 FY24-25 financial report shows positive growth and 'Hold' call from MarketsMOJO.

Minda Corporation, a midcap auto ancillary company, has recently declared its financial results for the quarter ending September 2024. The company has received a 'Hold' call from MarketsMOJO, a leading financial analysis platform.

According to the financial report, Minda Corp has shown positive performance in the second quarter of FY24-25. The company's score has improved from 6 to 9 in the last 3 months, indicating a strong financial position.

One of the key factors contributing to Minda Corp's success is its inventory turnover ratio, which has been consistently growing in the last five half-yearly periods. This shows that the company has been able to sell its inventory at a faster pace, resulting in higher profits.

In terms of net sales, Minda Corp has recorded its highest figure of Rs 1,290.01 crore in the last five quarters, indicating a positive trend in the near term. The company's operating profit (PBDIT) and profit before tax (PBT) have also shown a positive trend, with the highest figures recorded in the last five quarters.

Minda Corp's profit after tax (PAT) has also seen a significant growth of 20.8% compared to the average PAT of the previous four quarters. This shows that the company has been able to generate higher earnings for its shareholders.

However, there are some areas that need improvement for Minda Corp. The company's debtors turnover ratio has been the lowest in the last five half-yearly periods, indicating a slower pace in settling its debtors. Additionally, the company's non-operating income has seen a significant increase, which may not be sustainable in the long run.

Overall, Minda Corporation has shown a strong financial performance in the second quarter of FY24-25, with positive trends in key areas. Investors are advised to hold their stocks in the company, as recommended by MarketsMOJO.