Haryana Leather Chemicals Reports Mixed Results for Q1 2024, Investors Advised to Hold.

Haryana Leather Chemicals, a microcap company in the chemicals industry, has recently announced 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, Haryana Leather has shown positive performance in the quarter, with a score of 12 compared to 28 in the previous 3 months. This indicates a decline in the company's overall financial health.

However, there are some areas where Haryana Leather has shown improvement. The company's Debtors Turnover Ratio for the half-yearly period is at its highest in the last five periods, at 4.75 times. This means that the company has been able to collect payments from its debtors at a faster rate.

On the other hand, the company's Profit After Tax (PAT) for the quarter has fallen by 40.6% compared to the average PAT of the previous four quarters. This is a cause for concern as it indicates a negative trend in the company's near-term profitability.

Despite these mixed results, Haryana Leather remains a microcap company in the chemicals industry. Investors are advised to hold their positions and monitor the company's performance closely.