Saregama India's Q2 financial report shows mixed results, with positive sales trend and declining cash flow.

Saregama India, a midcap company in the lifestyle industry, recently declared its financial results for the quarter ending September 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, Saregama India's net sales for the half-yearly period have shown a growth of 33.19% year on year, reaching Rs 447.11 crore. This indicates a positive sales trend in the near term. The company's cash and cash equivalents have also seen an improvement, with the highest amount of Rs 731.92 crore in the last six half-yearly periods, indicating a better short-term liquidity.

However, there are some areas where Saregama India's performance has not been as strong. The company's operating cash flow has been falling each year in the last three years, with the lowest amount of Rs 93.25 crore in the last financial year. This suggests a decline in cash revenues from business operations. Additionally, the company's profit before tax less other income (PBT) for the quarter has fallen by 8.3% compared to the average PBT of the previous four quarters. The same trend can be seen in the company's profit after tax (PAT), which has fallen by 6.0% compared to the average PAT of the previous four quarters.

Overall, Saregama India's financial performance for the quarter ending September 2024 has been flat, with a slight improvement in some areas and a decline in others. Investors are advised to hold their stock and keep an eye on the company's future financial reports for any significant changes.