High Energy Batteries (India) Reports Negative Financial Performance in Q2 FY25

High Energy Batteries (India) has recently announced its financial results for the quarter ending September 2024. According to the data released on October 19, 2024, the company has seen a negative financial performance with a score of -19, which has improved from -25 in the last three months.

Despite the negative performance, there are some positive aspects to note from the financial report. The company’s operating cash flow has been consistently growing each year for the past three years, with the highest amount of Rs 23.50 crore generated annually. Additionally, the dividend payout ratio (DPR) has also been increasing each year for the past five years, with the highest at 15.67%. This indicates that the company is distributing a higher proportion of its profits as dividends to its shareholders.

However, there are also some concerning factors from the financial report. The profit before tax less other income (PBT) for the quarter has fallen by 68.8% compared to the average PBT of the previous four quarters. The same trend can be seen for the profit after tax (PAT) and net sales, which have both fallen by 48.9% and 16.7% respectively. The company’s operating profit and profit margin have also decreased, indicating a decline in efficiency. Furthermore, the non-operating income is 54.69% of the PBT, which suggests that the company’s income from non-business activities is high and not sustainable in the long run.

In conclusion, High Energy Batteries (India) has reported a negative financial performance for the quarter ending September 2024. While there are some positive aspects to note, such as the growth in operating cash flow and dividend payout ratio, there are also concerning factors, such as the decline in profitability and efficiency. Investors should take note of these factors before making any investment decisions.