Hathway Bhawani Reports Mixed Financial Results for Q2 2024
Hathway Bhawani Cabletel & Datacom, a microcap company in the TV broadcasting and software industry, reported its financial results for the quarter ending June 2024. While the company's operating cash flow has been consistently growing, its operating profit, profit before tax, and earnings per share have all declined. Investors should carefully evaluate these factors before making any investment decisions.
Hathway Bhawani Cabletel & Datacom, a microcap company in the TV broadcasting and software industry, recently announced its financial results for the quarter ending June 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.
According to the financial report, Hathway Bhawani's performance for the quarter has been flat, with a score of -2 compared to -1 in the previous three months. However, there are some positive aspects to the company's financials.
One of the strengths of Hathway Bhawani is its operating cash flow, which has been consistently growing over the past three years and is currently at its highest at Rs 0.21 crore annually. This indicates that the company has been able to generate higher cash revenues from its business operations.
On the other hand, there are some areas of concern for the company. The operating profit (PBDIT) for the quarter is at its lowest in the last five quarters, standing at Rs -0.06 crore. This suggests a negative trend in the near term for the company's operating profit.
Similarly, the profit before tax less other income (PBT) for the quarter is also at its lowest in the last five quarters, at Rs -0.11 crore. This indicates a negative trend in the near term for the company's PBT.
Furthermore, the earnings per share (EPS) for the quarter is also at its lowest in the last five quarters, at Rs -0.11. This shows a decline in profitability and lower earnings for shareholders.
Overall, Hathway Bhawani's financial performance for the quarter ending June 2024 has been mixed, with some positive and negative aspects. Investors should carefully consider these factors before making any investment decisions.
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