Hariom Pipe Industries Reports Flat Q2 Performance, Positive Sales Growth in FY24-25.

Hariom Pipe Industries, a smallcap company in the steel/sponge iron/pig iron industry, has recently declared 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, Hariom Pipe's performance in Q2 FY24-25 has been flat, with a score of 2 out of 10, a decrease from 6 in the last 3 months. However, there are some positive aspects to the company's financials. The net sales for the half-yearly period have grown by 21.24% year on year, reaching Rs 657.46 crore. This indicates a positive trend in the company's sales in the near term.

On the other hand, there are some areas that need improvement for Hariom Pipe. The interest cost for the nine-month period has increased by 34.56%, reaching Rs 30.45 crore. This suggests that the company has taken on more borrowings, which could be a cause for concern.

Despite the mixed financial performance, Hariom Pipe Industries remains a player in the steel/sponge iron/pig iron industry. Investors should keep an eye on the company's future financial reports to see if there are any improvements in its performance.