Reliance Communications Reports Mixed Financial Results for Q2 2024
Reliance Communications, a microcap telecommunication service provider, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a "Sell" call by MarketsMOJO.
According to the financial report, Reliance Communications has seen a flat performance in the second quarter of the fiscal year 2024-2025, with a score of -2 compared to 1 in the previous quarter. However, there are some positive aspects to the company's financials.
The Profit Before Tax less Other Income (PBT) for the quarter was the highest at Rs 2,220.00 crore and has been growing each quarter for the past five quarters. This indicates a very positive trend in the near term for PBT. Additionally, the PBT for this quarter has grown by 23.6% over the average PBT of the previous four quarters, which is a positive sign.
On the other hand, there are some areas of concern for Reliance Communications. The Debt-Equity Ratio for the half-yearly period was the highest at -0.55 times and has been growing for the past five half-yearly periods. This suggests that the company is borrowing more to fund its operations, which may lead to a stressed liquidity situation.
Furthermore, the Net Sales for the quarter were the lowest at Rs 88.00 crore in the last five quarters, with a negative trend in the near term. The Net Sales for this quarter have fallen by -7.4% over the average of the previous four quarters, indicating a negative trend in the near term.
Lastly, the Earnings per Share (EPS) for the quarter were the lowest at Rs -8.26 in the last five quarters, showing a decline in profitability and lower earnings for shareholders.
Overall, Reliance Communications' financial performance for the quarter ending September 2024 has been mixed, with some positive and negative aspects. Investors should carefully consider these factors before making any investment decisions.
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