Hathway Bhawani's Q3 financials show decline.
Hathway Bhawani Cabletel & Datacom, a microcap company in the TV broadcasting and software industry, recently announced its financial results for the quarter ended September 2023. The stock has been given a 'Strong Sell' call by MarketsMOJO.
In terms of quarter-on-quarter growth, the company's net sales remained stagnant at 0.00% compared to a decline of 2.86% in the previous quarter. However, the consolidated net profit saw a significant decrease of 400.00% compared to a decline of 133.33% in the previous quarter. The operating profit (PBDIT) excluding other income also saw a sharp decline of 100.00% compared to a decline of 50.00% in the previous quarter. The company did not have any interest expenses in the last few periods, but the operating profit margin (excluding other income) has fallen from the previous quarter.
Overall, Hathway Bhawani has seen a negative financial performance in the quarter ended September 2023, with its score falling from -7 to -8 in the last three months.
However, there are some positive aspects to the company's financials. The debtors turnover ratio for the last five half-yearly periods has been the highest at 140.00 times, indicating that the company has been able to settle its debtors faster.
On the other hand, there are some areas of concern for Hathway Bhawani based on its September 2023 financials. The operating profit (PBDIT) for the quarter was at its lowest at Rs 0.00 crore and has been falling each quarter in the last five quarters, indicating a negative trend in the near term. The same can be seen for profit before tax (PBT) less other income, which was at its lowest at Rs -0.05 crore and has been falling each quarter in the last five quarters. The profit after tax (PAT) also saw a decline in the last five quarters, with the lowest being at Rs -0.05 crore in the September 2023 quarter. The earnings per share (EPS) for the quarter was at its lowest at Rs -0.06, indicating a declining profitability and lower earnings for shareholders.
In conclusion, while Hathway Bhawani has shown some positive aspects in its financials, there are also some areas of concern that investors should keep in mind. The company's financial performance in the quarter ended September 2023 has been negative, and its stock has been given a 'Strong Sell' call by MarketsMOJO.
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