Hatsun Agro's Q4 financials show growth in PBT and PAT, but concerns over increased interest cost

Hatsun Agro, a leading FMCG company in the largecap industry, has recently declared its financial results for the quarter ending March 2024. The company has seen a flat performance in this quarter, with a score of 3 out of 10, compared to 8 in the previous quarter. However, there are some positive aspects to the financials of Hatsun Agro. The Profit Before Tax (PBT) has shown a significant growth of 119.87% year on year, reaching Rs 68.73 crore. The Profit After Tax (PAT) has also grown by 108.7% year on year, reaching Rs 52.16 crore. These numbers indicate a positive trend in the near term for the company. On the other hand, there are some areas of concern for Hatsun Agro. The interest cost has increased by 29.89% quarter on quarter, reaching Rs 49.98 crore. This signifies increased borrowings by the company. The Operating Profit to Interest ratio has also decreased to 4.59 times, the lowest in the last five quarters. This indicates a deteriorating ability of the company to manage its interest payments. Based on these financials, MarketsMOJO has given a 'Sell' call for Hatsun Agro's stock. Investors should carefully consider these factors before making any investment decisions.