Rane Holdings' Q1 FY25 financials reveal mixed performance, investors urged to analyze carefully

Rane Holdings, a smallcap finance company, recently declared its financial results for the quarter ended June 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.

According to the financials, Rane Holdings has seen a flat performance in the quarter, with a score of 2 compared to 15 in the previous quarter. However, there are some positive aspects to the company’s financials. The operating cash flow has been consistently growing over the last three years, with the highest amount of Rs 233.41 crore generated annually. Additionally, the debt-equity ratio has been decreasing over the last five half-yearly periods, indicating a reduction in borrowing compared to equity capital.

On the other hand, there are some concerning factors in the financials as well. The profit before tax less other income (PBT) has fallen by 24.29% year on year, and the profit after tax (PAT) has also decreased by 50.9% year on year. The net sales for the quarter have also been the lowest in the last five quarters, with a negative trend in the near term. The PBT has also been the lowest in the last five quarters, and the non-operating income has been the highest, which may not be sustainable.

Overall, Rane Holdings has shown a mixed performance in the quarter ended June 2024. Investors should carefully analyze the company’s financials before making any investment decisions.