Hilton Metal Forging Reports Negative Financial Results for Q1 2024.
Hilton Metal Forging, a microcap company in the castings and forgings industry, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a "Strong Sell" rating by MarketsMOJO.
According to the financial report, Hilton Metal Forging has seen a negative performance in the quarter, with a score of -13, which has improved from -19 in the last three months. However, there are some positive aspects to the company's financials.
The net sales for the nine-month period ending March 2024 have shown a growth of 25.43% year on year, reaching Rs 109.60 crore. This indicates a positive trend in the company's sales in the near term.
On the other hand, the profit after tax (PAT) for the half-yearly period has shown a decline of 73.27% year on year, with Rs 1.12 crore. This trend is also reflected in the near term, with a very negative PAT trend. Additionally, the interest cost has increased by 45.09% over the previous half-yearly period, indicating increased borrowings for the company.
The operating profit margin for the quarter is at its lowest, standing at 7.26%, and has fallen each quarter in the last five quarters. This suggests a deterioration in the company's efficiency. The operating profit (PBDIT) for the quarter is also at its lowest in the last five quarters, at Rs 2.47 crore, with a negative trend in the near term.
Overall, Hilton Metal Forging's financial performance for the quarter ending March 2024 has been negative, with some concerning trends in key areas. Investors should carefully consider these factors before making any decisions regarding the company's stock.
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