Haldyn Glass reports strong financial performance in Q3, with growth in net sales and profitability

Haldyn Glass, a microcap company in the glass industry, has recently announced its financial results for the quarter ending September 2024. The company has shown a positive performance in this quarter, with a significant improvement in its financial score from -18 to 12 in the last three months.

One of the key factors contributing to this positive performance is the growth in net sales, which has increased by 128.09% year on year to Rs 105.90 crore. This is a strong indication of the company's sales trend, which is expected to continue in the near term.

Another positive aspect of Haldyn Glass's financials is the growth in Profit Before Tax (PBT) less Other Income, which has increased by 301.63% year on year to Rs 6.17 crore. This shows a strong improvement in the company's profitability, and the trend is expected to continue in the near term.

The company's Profit After Tax (PAT) has also shown a significant growth of 81.0% year on year to Rs 5.23 crore. This is a positive sign for the company's financial health, and the trend is expected to continue in the near term.

In terms of net sales, Haldyn Glass has recorded its highest figure of Rs 105.90 crore in the last five quarters. This is a positive indication of the company's sales trend, which is expected to continue in the near term.

However, one area of concern for Haldyn Glass is the rising interest cost, which has increased by 204.11% over the preceding nine months period to Rs 12.59 crore. This signifies increased borrowings by the company, which may impact its financials in the long term.

Overall, Haldyn Glass has shown a positive financial performance in the quarter ending September 2024, with strong growth in net sales, PBT, and PAT. However, the rising interest cost is a cause for concern and needs to be monitored closely. Based on these financials, MarketsMOJO has given a 'Hold' call for Haldyn Glass's stock.