Heranba Industries reports strong financial performance in Q1 FY25, but faces liquidity and debt concerns.
Heranba Industries, a leading player in the pesticides and agrochemical industry, has recently announced its financial results for the quarter ended June 2024. The company has shown a positive performance in this quarter, with a significant improvement in its financial score from -17 to 10 in the last three months.
One of the key highlights of the financial results is the growth in Profit Before Tax (PBT) by 150.5% to Rs 37.57 crore, compared to the average PBT of the previous four quarters which was Rs 15.00 crore. This indicates a very positive trend in the near term for the company’s PBT. Similarly, the Profit After Tax (PAT) has also shown a growth of 107.7% to Rs 34.45 crore, compared to the average PAT of the previous four quarters which was Rs 16.59 crore.
The company’s operating profit (PBDIT) for this quarter is the highest in the last five quarters at Rs 48.22 crore, indicating a positive trend in the near term. The operating profit margin has also improved to 15.84%, the highest in the last five quarters, showcasing the company’s improved efficiency.
On the other hand, the financial results also highlight some areas that need improvement. The interest cost has increased by 81.95% over the previous half-yearly period, indicating a rise in borrowings. The company’s cash and cash equivalents have also decreased to the lowest in the last six half-yearly periods, indicating a deteriorating short-term liquidity situation. The debt-equity ratio has also reached its highest in the last five half-yearly periods, indicating increased borrowing to fund operations.
Overall, Heranba Industries has shown a positive financial performance in the quarter ended June 2024. However, the company needs to address its rising interest cost and maintain a healthy liquidity situation to sustain its growth in the long run. Based on the financial results, MarketsMOJO has given a ‘Hold’ call for the stock of Heranba Industries.
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