Hariyana Ship Breakers' Q1 FY25 Financial Results Show Mixed Performance

Aug 16 2024 08:57 AM IST
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Hariyana Ship Breakers, a microcap trading company, has released its financial results for the quarter ending March 2024. The company's stock has been given a 'Sell' call by MarketsMojo. The net sales and profit after tax have shown positive growth, but there are concerns about the profit before tax and operating profit margin.

Hariyana Ship Breakers, a microcap trading company, recently declared its financial results for the quarter ending March 2024. According to the data released on August 14, 2024, the company’s stock has been given a ‘Sell’ call by MarketsMOJO.

The financial performance of Hariyana Ship for the quarter has been flat, with a score of 3 out of 15 in the last 3 months. However, there are some positive aspects to the company’s performance based on the June 2024 financials. The net sales for the nine-month period have grown by 97.41% year on year, indicating a very positive sales trend. The profit after tax for the same period has also shown a growth of 55.45% year on year, with a very positive near-term trend.


On the other hand, there are some areas of concern for Hariyana Ship based on the June 2024 financials. The profit before tax less other income has fallen by -530.0% compared to the average of the previous four quarters, indicating a very negative near-term trend. The operating profit margin for the quarter is also at its lowest in the last five quarters, showing a deterioration in the company’s efficiency. Additionally, the non-operating income for the quarter is 1,818.18% of the profit before tax, which suggests that the company’s income from non-business activities is high and not sustainable in the long run.


Overall, the financial results for the quarter ending March 2024 for Hariyana Ship Breakers show a mixed performance. While there are some positive aspects, there are also areas of concern that investors should consider before making any investment decisions.


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