Himalaya Food International Reports Mixed Performance in Q4 2023 Financial Results
Himalaya Food International, a microcap FMCG company, reported a negative performance in the quarter ended December 2023 with a score of -10. However, the company's Profit After Tax (PAT) for the half-yearly period has significantly improved, while net sales have decreased by -38.8%. This mixed performance should be considered by investors before making any decisions.
Himalaya Food International, a microcap FMCG company, recently announced its financial results for the quarter ended December 2023. The company's stock has been given a 'Strong Sell' call by MarketsMOJO.
According to the financials, Himalaya Food has seen a negative performance in the quarter, with a score of -10 compared to -5 in the previous quarter. However, there are some positive aspects to the company's performance.
One of the highlights is the Profit After Tax (PAT) for the half-yearly period, which has increased to Rs 2.46 crore from the preceding 12-month period ended December 2023 of Rs -20.89 crore. This shows a significant improvement in the company's profitability.
On the other hand, the net sales for the quarter have fallen by -38.8% to Rs 12.97 crore compared to the average net sales of the previous four quarters, which were Rs 21.20 crore. This indicates a negative trend in the company's sales in the near term.
Moreover, the PAT for the half-yearly period has also decreased by -75.00% year on year, which reflects a negative trend in the company's profitability in the near term.
Overall, the financial results for the quarter ended December 2023 show a mixed performance for Himalaya Food International. Investors should carefully consider these factors before making any investment decisions.
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