South West Pinnacle Exploration Reports Mixed Financial Results for Q2 2024

Oct 30 2024 04:53 PM IST
share
Share Via
South West Pinnacle Exploration, a microcap engineering company, reported a negative performance in the second quarter of fiscal year 2024-25, with a -6 score compared to 9 in the previous quarter. While net sales and debtors turnover ratio have improved, profit before tax and after tax have decreased, along with a decline in operating efficiency and earnings per share. Investors should carefully evaluate before investing.

South West Pinnacle Exploration, a microcap engineering company, recently announced its financial results for the quarter ending September 2024. The stock has been given a 'Strong Sell' rating by MarketsMOJO.

According to the financial report, the company has seen a negative performance in the second quarter of the fiscal year 2024-25, with a score of -6 compared to 9 in the previous quarter. However, there are some positive aspects to the company's financials.

The net sales for the half-yearly period have shown a growth of 22.76% year on year, reaching Rs 56.79 crore. The company has also been able to improve its debtors turnover ratio, settling its debtors faster.

On the other hand, there are some concerning factors in the financial report. The profit before tax less other income has fallen by -383.78% year on year, and the profit after tax has also decreased by -56.0% year on year. The company's ability to manage interest payments has also deteriorated, with the operating profit to interest ratio being the lowest in the last five quarters.

The operating profit and margin have also decreased, indicating a decline in the company's efficiency. The non-operating income is also high, which is not a sustainable business model. The earnings per share have also decreased, creating lower earnings for shareholders.

Overall, South West Pinnacle Exploration's financial performance for the quarter ending September 2024 has been negative, with some positive and concerning aspects. Investors are advised to carefully consider these factors before making any investment decisions.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News