Hazoor Multi Projects Reports Mixed Financial Results for Q2 2024

Hazoor Multi Projects, a smallcap company in the construction and real estate industry, recently declared its financial results for the quarter ending September 2024. According to the latest update, the stock call for Hazoor Multi Projects is 'Sell' by MarketsMOJO.

The company has seen a negative financial performance in the second quarter of the fiscal year 2024-25, with a score of -13, which has improved from -24 in the last three months. However, there are some positive aspects to the company's financials based on the September 2024 report.

One of the key strengths of Hazoor Multi Projects is its operating cash flow, which has been consistently growing each year in the last three years and is currently at its highest at Rs 69.61 crore. This indicates that the company has been able to generate higher cash revenues from its business operations.

Another positive aspect is the company's dividend per share (DPS), which has been consistently increasing in the last five years and is currently at its highest at Rs 3.00. This shows that the company is distributing a higher dividend from the profits it has generated.

However, there are also some areas of concern for Hazoor Multi Projects based on the September 2024 financials. The profit after tax (PAT) for the half-yearly period has seen a significant decline of -86.14% year on year, indicating a negative trend in the near term. Similarly, the profit before tax less other income (PBT) for the quarter has fallen by -60.1% compared to the average PBT of the previous four quarters. The net sales for the quarter have also fallen by -15.4% compared to the average net sales of the previous four quarters, showing a negative trend in the near term.

Overall, the financial results for the quarter ending September 2024 for Hazoor Multi Projects have been mixed, with some positive and negative aspects. Investors are advised to carefully consider these factors before making any investment decisions.