Hisar Metal Industries' Q3 Financial Results Mixed

Hisar Metal Industries, a microcap company in the iron and steel industry, recently announced its financial results for the quarter ended September 2023. The company's stock has been given a 'Sell' call by MarketsMOJO.

In the quarter, the company saw a 4.89% growth in net sales compared to the previous quarter, which was at 6.22%. However, the standalone net profit saw a significant increase of 17.98% compared to the previous quarter's growth of 71.15%. The operating profit (PBDIT) excluding other income also saw a growth of 5.94%, but it was lower than the previous quarter's growth of 30.75%. The interest expenses also saw a slight increase of 1.38% compared to the previous quarter's growth of 13.28%. Overall, the operating profit margin (excluding other income) has improved from the previous quarter.

While the financial performance for the quarter has been negative, the company has shown some positive aspects in its financials. The operating cash flow for the year has been the highest in the last three years at Rs 15.49 crore, indicating that the company has generated higher cash revenues from its business operations. Additionally, the debt-equity ratio for the half-yearly period has been the lowest in the last five periods, showing that the company has been reducing its borrowing compared to its equity capital.

However, there are some areas where the company needs to improve based on its September 2023 financials. The profit before tax (PBT) less other income has fallen by 44.18% compared to the same period last year, and the near-term trend for PBT is negative. The profit after tax (PAT) for the half-yearly period has also seen a decline of 48.27% compared to the previous year, and the near-term trend for PAT is also negative. The net sales for the quarter have fallen by 13.74% compared to the same period last year, and the near-term trend for sales is also negative.

Overall, Hisar Metal Industries has shown a mixed performance in its financials for the quarter ended September 2023. While there are some positive aspects, there are also areas where the company needs to improve. Investors should carefully analyze the company's financials before making any investment decisions.