Harrisons Malayalam Reports Strong Profit Growth Amid Concerns Over Non-Operating Income Reliance

Harrisons Malayalam, a microcap company in the industrial products sector, has recently reported its financial results for the quarter ending March 2025. The results, declared on May 23, 2025, indicate a notable shift in the company's evaluation, with its score adjusting to 16 from 24 over the past three months.
The financial performance for the quarter shows a significant growth in Profit Before Tax (PBT), which reached Rs 1.17 crore, reflecting a substantial increase compared to the average PBT of the previous four quarters, which was Rs -0.62 crore. Similarly, Profit After Tax (PAT) also demonstrated strong growth, amounting to Rs 5.19 crore, up from an average of Rs 1.93 crore in the preceding quarters. These figures suggest a positive near-term trend in profitability.

However, the company faces challenges as well. A considerable portion of its income, 77.46% of PBT, is derived from non-operating sources, which raises concerns about the sustainability of its business model. The non-operating income has reached its highest level in the last five quarters at Rs 4.02 crore, indicating a reliance on income from non-business activities.

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