Hardcastle & Waud Mfg Co Reports Positive Financial Results for Q1 FY25

Hardcastle & Waud Mfg Co, a microcap company in the paints industry, has recently announced its financial results for the quarter ending June 2024. The company has shown positive performance in this quarter, with its score improving from 6 to 14 in the last 3 months.

One of the key factors contributing to this positive performance is the company’s operating profit (PBDIT), which has been the highest in the last five quarters at Rs 1.12 crore. The near-term trend for operating profit is also positive. Similarly, the profit before tax less other income (PBT) has also been the highest in the last five quarters at Rs 0.96 crore, with a positive trend in the near term. The profit after tax (PAT) has also shown a positive trend, with the highest in the last five quarters at Rs 1.14 crore.

This increase in profitability is reflected in the earnings per share (EPS), which has been the highest in the last five quarters at Rs 16.76. This shows that the company has been able to create higher earnings for its shareholders.

However, there are some areas that need improvement for Hardcastle & Waud. The debtors turnover ratio, which measures the pace of settling debtors, has been the lowest in the last five half-yearly periods at 0.00 times. This indicates that the company’s pace of settling its debtors has slowed down.

Overall, the financial results for the quarter ending June 2024 show a positive performance for Hardcastle & Waud Mfg Co. Investors should keep an eye on the company’s debtors turnover ratio and its impact on future financial results.