Worldwide Aluminium's Financial Results Show Mixed Performance in Q1 FY25

Worldwide Aluminium, a microcap company in the footwear industry, recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.

According to the financial report, Worldwide Aluminium’s performance for the quarter has remained flat. However, there has been an improvement in the company’s overall score, which has increased from 1 to 3 in the last three months.

One of the positive aspects of the company’s financials is its Profit After Tax (PAT) for the half-yearly period, which has increased to Rs 0.36 crore from the previous 12-month period ending June 2024, where it was at Rs -0.43 crore. This shows a significant improvement in the company’s profitability. Additionally, the company’s Net Sales for the nine-month period have also increased to Rs 11.35 crore, surpassing the sales of the previous 12-month period.

However, there are some areas of concern for Worldwide Aluminium. The Debtors Turnover Ratio for the half-yearly period is at its lowest in the last five half-yearly periods, standing at 0.02 times. This indicates that the company’s pace of settling its debtors has slowed down.

Overall, Worldwide Aluminium’s financial results for the quarter ending June 2024 show a mixed performance. While there has been an improvement in some areas, there are also some challenges that the company needs to address. Investors should carefully consider these factors before making any investment decisions.