Himadri Speciality Chemicals Reports Positive Financial Results for Q1 FY25, Receives 'Buy' Call from MarketsMOJO.

Himadri Speciality Chemicals, a largecap company in the chemicals industry, has recently declared its financial results for the quarter ending June 2024. The company has received a ‘Buy’ call from MarketsMOJO, indicating a positive outlook for the stock.

The financial performance of Himadri Special in the quarter has been very positive, with a score of 24, an improvement from 19 in the last 3 months. This is a result of various factors that have contributed to the company’s success.

One of the key highlights of the quarter is the company’s net sales, which have been the highest at Rs 1,200.41 crore and have grown consistently in the last five quarters. This indicates a very positive sales trend in the near term. Additionally, the company’s ability to manage interest payments has also improved, with the operating profit to interest ratio being the highest at 14.82 times in the last five quarters.

The operating profit (PBDIT) has also seen a significant growth, with the highest at Rs 191.92 crore and a consistent increase in the last five quarters. This shows a positive trend in the near term for the company’s operating profit. The same can be said for the profit before tax less other income (PBT), which has also seen a consistent growth in the last five quarters, with the highest at Rs 166.04 crore.

The company’s profitability has also seen a positive trend, with the profit after tax (PAT) being the highest at Rs 122.62 crore and a consistent increase in the last five quarters. This indicates a positive trend in the near term for the company’s PAT.

In terms of cash flow, Himadri Special has generated the highest operating cash flow of Rs 404.76 crore in the last three years, indicating a strong financial position and higher cash revenues from business operations.

Overall, the company’s financial performance in the quarter has been very positive, with a 25% growth in PBT compared to the average of the previous four quarters. This shows a positive trend in the near term for the company’s profitability and its ability to generate higher earnings for shareholders.

However, one aspect that may not be sustainable is the increased income from non-business activities, with the non-operating income being the highest at Rs 12.64 crore in the last five quarters.

In conclusion, Himadri Speciality Chemicals has shown a strong financial performance in the quarter ending June 2024, with various factors contributing to its success. With a ‘Buy’ call from MarketsMOJO, the company’s stock is expected to perform well in the near future.