Himatsingka Seide's Q2 FY24-25 financials show decline in key indicators

Himatsingka Seide, a smallcap textile company, recently declared its financial results for the quarter ending September 2024. The stock has been given a 'Sell' call by MarketsMOJO.

According to the financials, the company has seen a negative performance in the second quarter of FY24-25. The score has fallen from -6 to -16 in the last three months. This indicates that the company is facing some challenges in its operations.

One of the major concerns for Himatsingka Seide is the Profit Before Tax (PBT) less Other Income, which has fallen by 41.91% year on year to Rs 19.78 crore. The near-term trend for PBT is also negative. Similarly, the Profit After Tax (PAT) has also seen a decline of 24.6% year on year to Rs 21.70 crore. The company's ability to manage interest payments has also deteriorated, with the Operating Profit to Interest ratio at its lowest in the last five quarters.

The company's net sales have also taken a hit, with the quarterly net sales at its lowest in the last five quarters. The near-term trend for sales is also negative. However, on a year on year basis, the net sales have grown by 6.06%. The Operating Profit (PBDIT) has also seen a decline, with the quarterly figure at its lowest in the last five quarters.

In conclusion, the financial results for the quarter ending September 2024 have not been favorable for Himatsingka Seide. The company is facing challenges in its operations, and the near-term trend for key financial indicators is negative. Investors are advised to keep a close watch on the company's performance in the coming quarters.