Hawa Engineers Reports Strong Financial Performance in Q1 FY25, PAT Increases by 286.67%

Hawa Engineers, a leading manufacturer of industrial equipment, has recently announced its financial results for the quarter ending June 2024. The company has shown a positive performance in this quarter, with its score improving from 17 to 8 in the last three months.

One of the key highlights of the financial report is the significant growth in Profit After Tax (PAT) for the nine-month period, which has increased by 286.67% year on year. This is a strong indicator of the company’s financial stability and growth potential. Additionally, the company’s cash and cash equivalents have also shown improvement, with the highest amount of Rs 9.44 crore in the last six half-yearly periods.

Another noteworthy aspect is that the company’s PAT for the nine-month period is higher at Rs 1.74 crore compared to the previous 12-month period ending June 2024, which was Rs 0.70 crore. This indicates that the company has already surpassed its sales from the previous year in just nine months.

However, the company’s net sales for the quarter have seen a decline of -7.3% compared to the average net sales of the previous four quarters. This could be a cause for concern in the near term, as the sales trend is currently negative.

Overall, Hawa Engineers has shown a positive financial performance in the quarter ending June 2024. While there are some areas of improvement, the company’s strong PAT growth and cash reserves are promising signs for its future growth and stability. MarketsMOJO has given a ‘Hold’ call for the company’s stock, indicating a neutral stance for investors.