Are Haryana Leather latest results good or bad?
Haryana Leather's latest results show mixed performance; while Profit After Tax reached a five-quarter high of Rs 0.74 crore and Earnings per Share hit Rs 1.51, net sales declined by 5% to Rs 11.76 crore, indicating operational challenges. Overall, there are positive signs in profitability, but concerns remain regarding sales performance.
Haryana Leather Chemicals has released its financial results for the quarter ending June 2025, which present a mixed picture of the company's performance. Notably, the Profit After Tax (PAT) reached Rs 0.74 crore, marking the highest level in the last five quarters, indicating an upward trend in profitability. Additionally, the Earnings per Share (EPS) also reached Rs 1.51, which is the highest in the same period, suggesting that the company has generated higher earnings for its shareholders.However, the company faced challenges with its net sales, which amounted to Rs 11.76 crore, reflecting a decline of 5.0% compared to the average net sales of Rs 12.38 crore over the previous four quarters. This decline raises concerns regarding the company's near-term sales performance. Furthermore, the operating profit margin, excluding other income, showed a slight contraction, indicating pressures on operational efficiency.
In terms of evaluation, Haryana Leather experienced an adjustment in its evaluation over the past three months. Overall, while there are positive signs in profitability, the decline in net sales and operating metrics suggests that the company is navigating some operational challenges.
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