Are Mihika Industrie latest results good or bad?
Mihika Industries reported strong net sales growth of 356.77% to Rs 28.32 crore, but faced profitability challenges with negative operating profit and earnings per share, indicating a mixed financial performance.
Mihika Industries has reported its financial results for the quarter ending March 2025, showcasing a notable growth in net sales, which reached Rs 28.32 crore, reflecting a year-on-year increase of 356.77%. This performance surpasses the Rs 12.62 crore recorded in the previous twelve-month period, indicating a strong sales trend.However, the company faced challenges in profitability, as evidenced by its operating profit (PBDIT) of Rs -0.76 crore, marking the lowest figure in the last five quarters. Similarly, the profit before tax (PBT) also stood at Rs -0.75 crore, again the lowest in this timeframe. Additionally, earnings per share (EPS) fell to Rs -0.73, suggesting a decline in profitability and lower earnings for shareholders.
The financial results indicate a mixed performance for Mihika Industries, with significant growth in sales contrasted by negative trends in operating profitability and net profit. Furthermore, the company saw an adjustment in its evaluation over the past three months, reflecting these mixed financial outcomes.
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