Mindteck (India) Reports Positive Q1 FY25 Results, But Concerns Over Interest Coverage and Debt Ratio Remain
Interest Coverage Ratio – Quarterly: Lowest at 1.22 times in the last five quarters.Company may face difficulty in meeting its interest obligations.
Overall, Mindteck (India) has shown a positive financial performance in the quarter ending Jun 2024. The company has seen an increase in operating cash flow, net sales, operating profit, and profit after tax. However, there are some areas of concern such as increased non-operating income and a low interest coverage ratio. MarketsMOJO has given a ‘Hold’ call for the stock, indicating a neutral stance. Investors should keep an eye on the company’s financials and future growth strategies before making any investment decisions.
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