Hardcastle & Waud Mfg Co Reports Decline in Q2 FY24-25 Financial Results

Nov 13 2024 09:34 PM IST
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Hardcastle & Waud Mfg Co, a microcap paints company, reported a flat performance in Q2 FY24-25 with a score of -5. The company's PAT has decreased by 169.8% compared to the previous four quarters, leading to a negative trend in profitability. The EPS and liquidity have also declined, indicating caution for investors.

Hardcastle & Waud Mfg Co, a microcap company in the paints industry, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Hardcastle & Waud's performance in Q2 FY24-25 has been flat, with a score of -5 compared to 14 in the previous 3 months. This indicates a decline in the company's financial performance.

One of the major factors contributing to this decline is the Profit After Tax (PAT), which has fallen to -0.55 crore, a decrease of 169.8% compared to the average PAT of the previous four quarters. This trend is expected to continue in the near term.

The company's Operating Profit (PBDIT) for the quarter is also at its lowest in the last five quarters, at 0.55 crore. Similarly, the Profit Before Tax less Other Income (PBT) has also decreased to its lowest in the last five quarters, at 0.37 crore. This indicates a negative trend in the company's profitability.

The Earnings per Share (EPS) for the quarter is also at its lowest in the last five quarters, at -8.09. This shows a decline in the company's ability to generate earnings for its shareholders.

In terms of liquidity, Hardcastle & Waud's Cash and Cash Equivalents for the half-yearly period is at its lowest in the last six periods, at 0.29 crore. This indicates a deterioration in the company's short-term liquidity.

Overall, the financial results for the quarter ending September 2024 show a decline in Hardcastle & Waud's performance. Investors should take note of these factors before making any investment decisions.
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