Himalaya Food International's Q2 financial results show mixed performance, with growth in PAT but decline in net sales.

Himalaya Food International, a microcap company in the FMCG industry, recently announced its financial results for the quarter ending June 2024. The results, declared on July 6, 2024, have received a 'Sell' call from MarketsMOJO.

According to the financials, Himalaya Food's performance has remained flat in the quarter, with a score of 4 out of 5, which is a decrease from the previous 3 months. However, there are some positive aspects to the company's financials.

One of the highlights is the growth in Profit After Tax (PAT) for the half-yearly period, which stands at Rs 2.76 crore, showing a significant increase of 108.98% compared to the same period last year. This trend in PAT is very encouraging for the company.

Moreover, the PAT for the half-yearly period is higher than the preceding 12 months, which ended in June 2024, where the company had a PAT of -28.27 crore. This indicates that in just half a year, Himalaya Food has already surpassed its PAT for the entire previous year.

However, there are also some areas of concern for the company. The Net Sales for the quarter, which stands at Rs 10.82 crore, has seen a decline of -7.6% compared to the average Net Sales of the previous four quarters, which was Rs 11.71 crore. This indicates a negative trend in sales in the near term.

Overall, the financial results for the quarter ending June 2024 for Himalaya Food International show a mixed performance. While there are some positive aspects, there are also some areas that need improvement. Investors are advised to carefully analyze the company's financials before making any investment decisions.