Shiva Texyarn Reports Positive Financial Results for Q2 FY24-25

Shiva Texyarn, a microcap textile company, has recently announced its financial results for the quarter ending September 2024. The company has received a 'Hold' call from MarketsMOJO, indicating a neutral stance on its stock.

According to the financial report, Shiva Texyarn has shown positive performance in the second quarter of FY24-25. The company's score has improved from 0 to 12 in the last three months. This improvement can be attributed to various factors, as highlighted by the financials.

One of the key highlights is the growth in Profit Before Tax less Other Income (PBT) which has increased by 223.3% compared to the average PBT of the previous four quarters. The Profit After Tax (PAT) has also shown a significant growth of 415.7% compared to the average PAT of the previous four quarters. This indicates a positive trend in the company's near term financial performance.

Shiva Texyarn has also shown a strong ability to manage its interest payments, with the Operating Profit to Interest ratio being the highest in the last five quarters. The company's net sales have also increased by 24.5% compared to the average of the previous four quarters, indicating a positive trend in sales.

However, there are some areas where the company needs to improve. The Inventory Turnover Ratio has fallen in the last five half yearly periods, indicating a slower pace of selling inventory. The Operating Cash Flow has also decreased in the last three years, which could be a cause for concern.

The company's interest cost has increased by 23.60% compared to the previous quarter, indicating a rise in borrowings. The Debtors Turnover Ratio has also slowed down, indicating a slower pace of settling debts. Additionally, Shiva Texyarn has distributed lower dividends in the last five years and a lower proportion of profits as dividends.

Overall, Shiva Texyarn has shown positive financial performance in the recent quarter, but there are some areas that require improvement. Investors are advised to hold their stock and keep an eye on the company's future financial reports.