HPL Electric & Power Reports Positive Q4 Results, Stock Given 'Hold' Rating

HPL Electric & Power, a smallcap company in the electric equipment industry, has recently declared 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, HPL Electric has shown positive performance in the quarter, with a score of 16 compared to 22 in the previous quarter. This indicates an improvement in the company's financials.

One of the key factors contributing to this positive performance is the company's ability to manage interest payments, with the Operating Profit to Interest ratio being the highest in the last five quarters at 2.30 times. Additionally, the company's net sales for the quarter were at Rs 424.09 crore, the highest in the last five quarters, showing a positive trend in sales.

The Operating Profit (PBDIT) for the quarter was also at its highest in the last five quarters at Rs 55.22 crore, indicating a positive trend in the company's operating profit. The Profit Before Tax less Other Income (PBT) was also at its highest in the last five quarters at Rs 19.67 crore, showing a growth of 21.57% year on year. Similarly, the Profit After Tax (PAT) for the quarter was at its highest in the last five quarters at Rs 13.71 crore, with a growth of 21.9% year on year. This indicates a positive trend in the company's profitability and its ability to generate higher earnings for shareholders.

However, one area of concern is the Non Operating Income, which was at its highest in the last five quarters at Rs 1.73 crore. This increase in income from non-business activities may not be sustainable in the long run.

Overall, HPL Electric & Power has shown a positive financial performance in the quarter ending March 2024, with an improvement in key financial indicators. Investors are advised to hold their stock and keep an eye on the company's future performance.