Harsha Engineers International Reports Flat Performance in Q2 of FY 2024-2025

Nov 13 2024 09:49 AM IST
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Harsha Engineers International, a smallcap company in the engineering industry, reported flat performance in the second quarter of fiscal year 2024-2025. MarketsMojo's stock call of 'Sell' reflects this with a score of 2 out of 5, down from 5 in the last 3 months. Decline in PBT and PAT, as well as a high non-operating income, are causes for concern.

Harsha Engineers International, a smallcap company in the engineering industry, recently announced its financial results for the quarter ending September 2024. According to the report, the company's performance has remained flat in the second quarter of the fiscal year 2024-2025. This is reflected in the score of 2 out of 5, which has fallen from 5 in the last 3 months, as per MarketsMOJO's stock call of 'Sell'.

The financials for the quarter show a decline in the Profit Before Tax (PBT) by 14% compared to the average PBT of the previous four quarters. This is a cause for concern as the near term trend for PBT is negative. Similarly, the Profit After Tax (PAT) has also fallen by 5.7% compared to the average PAT of the previous four quarters. The near term trend for PAT is also negative.

One of the factors contributing to the decline in financial performance is the Non Operating Income, which has been the highest in the last five quarters at Rs 12.08 crore. However, this increase in income from non-business activities may not be sustainable in the long run.

Overall, the financial results for the quarter ending September 2024 for Harsha Engineers International have not been very positive. Investors are advised to carefully consider these factors before making any investment decisions.
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