Hariyana Ship Breakers' Q4 Financial Report Shows Positive Sales Growth, But Concerns Over Profit and Non-Operating Income

Hariyana Ship Breakers, a microcap trading company, has recently announced its financial results for the quarter ending December 2023. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Hariyana Ship has shown positive performance in the quarter, with a score of 15 compared to 25 in the previous quarter. The company's net sales for the half-yearly period have grown by 192.45% year on year, indicating a strong sales trend.

However, the company's profit after tax for the quarter has fallen by -54.5% compared to the average of the previous four quarters. This is a concerning trend in the near term. Additionally, the company's non-operating income for the quarter is 171.82% of its profit before tax, which suggests a high reliance on non-business activities.

While the company's net sales have shown positive growth, the decline in profit after tax and high non-operating income raise some concerns about the sustainability of its business model. Investors are advised to carefully consider these factors before making any investment decisions.