Haryana Leather Chemicals Reports Mixed Financial Results Amid Operational Strengths and Profitability Challenges

Feb 13 2025 04:17 PM IST
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Haryana Leather Chemicals has released its financial results for the quarter ending December 2024, showcasing a mix of operational strengths and weaknesses. The company achieved its highest Debtors Turnover Ratio in recent periods, while also facing challenges with declining Operating Profit and Profit Before Tax metrics.
Haryana Leather Chemicals has recently reported its financial results for the quarter ending December 2024, revealing a notable shift in its evaluation. The company's score has undergone a revision, reflecting changes in its financial metrics over the past three months.

On a positive note, Haryana Leather has achieved its highest Debtors Turnover Ratio in the last five half-yearly periods, recorded at 4.79 times. This indicates that the company has been effective in settling its debtors more swiftly, which is a favorable operational aspect.

Conversely, the financial results also highlight challenges for Haryana Leather. The Operating Profit (PBDIT) has reached its lowest point in the last five quarters at Rs 0.50 crore, suggesting a concerning trend in profitability. Additionally, the Operating Profit Margin has declined to 3.97%, marking the lowest efficiency level in the same timeframe. Furthermore, the Profit Before Tax less Other Income (PBT) has also hit a low of Rs 0.24 crore, indicating a negative trend in profitability.

Overall, the financial results for Haryana Leather Chemicals reflect a complex landscape of operational strengths and weaknesses.

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