Are Harish Textile latest results good or bad?
Harish Textile Engineers reported a strong financial turnaround for the quarter ending March 2025, achieving a Profit After Tax of Rs 1.52 crore and a significant increase in profitability, despite a slight decline in Net Sales. Overall, the results indicate a positive shift in the company's financial performance.
Harish Textile Engineers has reported a notable turnaround in its financial performance for the quarter ending March 2025. The company achieved a Profit After Tax (PAT) of Rs 1.52 crore, which reflects a significant growth compared to the average PAT of Rs -0.54 crore from the previous four quarters. This indicates a positive shift in profitability.The Operating Profit (PBDIT) reached Rs 2.46 crore, marking the highest level recorded in the last five quarters. Additionally, the Operating Profit Margin improved to 7.52%, suggesting enhanced operational efficiency. The Profit Before Tax (PBT) also reached Rs 1.07 crore, reinforcing the upward trend in financial performance.
While the Net Sales experienced a slight decline of 1.65% compared to the previous quarter, the Standalone Net Profit saw substantial growth of 489.74%, indicating a strong recovery in profitability. The Earnings per Share (EPS) peaked at Rs 4.55, reflecting improved earnings for shareholders.
Overall, Harish Textile Engineers has demonstrated a strong financial performance in this quarter, and the company saw an adjustment in its evaluation based on these results.
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