Sai Silks Reports Flat Performance in Q2, But Improves in Key Areas

Sai Silks, a smallcap retail company, recently declared its financial results for the quarter ending September 2024. The stock call by MarketsMOJO for the company is 'Hold'.

According to the financial report, Sai Silks has shown a flat performance in the second quarter of FY24-25. However, there has been an improvement in the company's score from -17 to 3 in the last three months.

One of the positive aspects for Sai Silks is its operating profit to interest ratio, which is the highest in the last five quarters at 5.53 times. This indicates that the company's ability to manage interest payments has improved.

Moreover, the company's Profit Before Tax less Other Income (PBT) for the quarter has grown by 48.8% over the average PBT of the previous four quarters. The PBT for the quarter is also the highest in the last five quarters, showing a positive trend in the near term.

However, the company's Profit After Tax (PAT) for the half-yearly period has shown a decline of -35.59% year on year. This has resulted in a negative trend for the near term.

Overall, Sai Silks has shown a mixed performance in the recent quarter, with some positive and negative aspects. Investors are advised to hold their position in the company's stock, as suggested by MarketsMOJO.