Hindustan Tin Works Reports Negative Performance in Q1 FY25 Financial Results

Hindustan Tin Works, a microcap company in the packaging industry, has recently announced its financial results for the quarter ending March 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.

According to the financial report, Hindustan Tin Works has seen a negative performance in the quarter, with a score of -13 compared to -10 in the previous quarter. This decline can be attributed to various factors.

One of the major concerns for the company is its Profit Before Tax (PBT) which has fallen by 82.81% year on year, standing at Rs 0.77 crore. This trend is expected to continue in the near term. Similarly, the Profit After Tax (PAT) has also decreased by 27.1% year on year, with a current value of Rs 1.64 crore. The company’s interest cost has also increased by 33.44% over the previous half-year period, indicating a rise in borrowings.

In terms of sales, Hindustan Tin Works has seen a decline of 8.84% year on year, with a net sales value of Rs 106.89 crore. This negative trend is expected to continue in the near future. Additionally, the company’s non-operating income is 66.23% of its PBT, which suggests that a significant portion of its income is generated from non-business activities.

Moreover, the company’s earnings per share (EPS) for the quarter is at its lowest in the last five quarters, standing at Rs 1.58. This decline in profitability is a cause for concern for shareholders.

Overall, Hindustan Tin Works has reported a negative financial performance for the quarter ending March 2024. Investors are advised to hold their stock and closely monitor the company’s future financial reports.