Are Haz.Multi Proj. latest results good or bad?
Hazoor Multi Projects' latest results show a decline in Profit Before Tax and Profit After Tax compared to previous quarters, alongside a significant year-on-year drop in net sales. However, there are signs of recovery with substantial growth in net sales and standalone net profit compared to the previous quarter.
Hazoor Multi Projects has reported its financial results for the quarter ending March 2025, which reflect a complex operational landscape. The Profit Before Tax (PBT) for this quarter was Rs 20.89 crore, representing a decline of 15.1% compared to the average PBT of Rs 24.61 crore over the previous four quarters. Similarly, the Profit After Tax (PAT) decreased to Rs 16.78 crore, down 13.0% from the average PAT of Rs 19.29 crore in the same timeframe.In terms of sales performance, Hazoor Multi Projects reported net sales of Rs 414.34 crore for the latest six months, indicating a year-on-year decline of 23.91%. Additionally, the company faced rising interest costs, with quarterly interest expenses reaching Rs 5.04 crore, which is an increase of 10.77% quarter-on-quarter.
Despite these challenges, there was a notable shift in the company's financial score, which saw an adjustment in its evaluation. The quarterly results also show significant growth in certain metrics compared to the previous quarter. For instance, net sales exhibited a growth of 300.56% compared to the previous quarter, while standalone net profit grew by 98.41%.
Overall, while Hazoor Multi Projects is navigating through some operational difficulties, there are areas of growth that may indicate potential for recovery in specific aspects of its business.
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