Happy Forgings' Q2 FY24-25 Results Show Strong Growth and 'Buy' Call from MarketsMOJO
Overall, Happy Forgings has shown a strong financial performance in the second quarter of FY24-25. The company's operating profit, operating profit margin, net sales, PBT, PAT, and EPS have all shown positive growth in the last five quarters. This is a clear indication of the company's efficiency and profitability.
MarketsMOJO has also given a 'Buy' call for Happy Forgings, further validating the company's strong financial performance. This is a positive sign for investors looking to invest in the auto ancillary industry.
Happy Forgings' financial results for the quarter ending September 2024 have been declared on November 7, 2024. The company's operating profit has reached its highest at Rs 105.37 crore and has shown consistent growth in the last five quarters. The operating profit margin has also reached its highest at 29.18%, indicating improved efficiency.
The company's net sales have also reached its highest at Rs 361.13 crore in the last five quarters, with a positive trend in the near term. This shows a strong demand for Happy Forgings' products in the market.
Moreover, the company's PBT and PAT have also shown positive growth, with the highest PBT at Rs 84.14 crore and the highest PAT at Rs 71.37 crore in the last five quarters. This is a clear indication of the company's profitability and ability to generate higher earnings for its shareholders.
However, there is a slight concern with the non-operating income, which has reached its highest at Rs 13.08 crore in the last five quarters. This may not be sustainable in the long run and the company should focus on increasing its income from core business activities.
In conclusion, Happy Forgings has shown a strong financial performance in the second quarter of FY24-25, with positive growth in all key financial indicators. With a 'Buy' call from MarketsMOJO, the company is a promising investment opportunity in the midcap auto ancillary industry.
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