Hisar Metal Industries Reports Negative Financial Performance in Q1 FY25
Hisar Metal Industries, a microcap company in the iron and steel industry, recently announced its financial results for the quarter ending June 2024. According to the data released on August 10, 2024, the company’s stock has been given a ‘Hold’ call by MarketsMOJO.
The quarter has seen a negative financial performance for Hisar Metal Industries, with a fall in the score from -13 to -14 in the last three months. This indicates a decline in the company’s overall financial health.
One of the major factors contributing to this decline is the Profit Before Tax (PBT) less Other Income, which has fallen by 50.21% year on year to Rs 1.18 crore. The near-term trend for PBT is also negative, indicating potential challenges for the company in the coming months.
Another concerning aspect is the rising interest cost, which has grown by 43.16% over the previous half-yearly period. This suggests that the company has taken on increased borrowings, which could impact its financial stability.
The Profit After Tax (PAT) for the nine-month period has also seen a decline of 34.03% year on year, with a negative trend in the near term. This means that the company has generated lower earnings for its shareholders.
In addition, the company’s Earnings per Share (EPS) for the quarter is at its lowest in the last five quarters, at Rs 1.59. This indicates a decline in profitability and lower returns for shareholders.
Overall, the financial results for the quarter ending June 2024 have not been favorable for Hisar Metal Industries. Investors are advised to hold their stock and closely monitor the company’s performance in the coming months.
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