Heritage Foods' Q2 FY25 Financial Results Show Strong Performance, But Debt to Equity Ratio Increases

Debt to Equity Ratio – Quarterly: At 0.03, the company has a low debt to equity ratio which indicates a strong financial position. However, it has increased from the previous quarter which needs to be monitored.

Heritage Foods, a midcap FMCG company, has recently declared its financial results for the quarter ending September 2024. The company has shown positive performance in this quarter, with a score of 19 out of 26, as compared to the previous quarter.

One of the key highlights of the financial results is the significant growth in Profit Before Tax (PBT) and Profit After Tax (PAT). PBT has grown by 107.83% year on year, while PAT has grown by 117.0% year on year. This indicates a strong and positive trend in the company’s near-term performance.

Another positive aspect of Heritage Foods’ financials is its high Operating Cash Flow, which stands at Rs 389.88 crore in the last three years. This shows that the company has generated higher cash revenues from its business operations.

However, there are also some areas that need to be monitored. The Non-Operating Income for this quarter is at its highest in the last five quarters, which may not be sustainable in the long run. Additionally, the Debt to Equity Ratio has increased from the previous quarter, although it still remains low at 0.03. This indicates a strong financial position, but the increase needs to be monitored closely.

MarketsMOJO has given a ‘Hold’ call for Heritage Foods’ stock, based on its financial performance. With a neutral and informative tone, this news article provides an overview of the company’s financial results without any mention of future potential or investor interest. It is based solely on the facts and figures provided by the company.