Hilton Metal Forging Reports Strong Q3 Results

Nov 11 2023 12:00 AM IST
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Hilton Metal Forging, a microcap company in the castings/forgings industry, has reported a significant growth in net sales and standalone net profit for the quarter ended September 2023. The company's interest expenses have decreased, but the operating profit margin has fallen. MarketsMojo has rated the company's financial performance as 'Hold' with an overall score improvement. The company's half-yearly PAT and operating profit to interest ratio have also shown positive trends, but its operating cash flow has declined. Investors should monitor the company's cash flow for future stability.

Hilton Metal Forging, a microcap company in the castings/forgings industry, has recently announced its financial results for the quarter ended September 2023. The company's net sales for the quarter showed a significant growth of 25.76% compared to the previous quarter, while the standalone net profit saw a growth of 37.06%. The operating profit (PBDIT) also showed a positive growth of 2.65% compared to the previous quarter.

The company's interest expenses have decreased by 7.20% in the quarter, indicating a better management of interest payments. However, the operating profit margin (excluding other income) has fallen compared to the previous quarter.

Hilton Metal Forging's financial performance for the quarter has been rated as 'Hold' by MarketsMOJO. The company's overall score has improved from -2 to 8 in the last 3 months, indicating a positive trend in its financials.

The company's half-yearly profit after tax (PAT) has shown a significant growth of 90.09% year on year, while the operating profit to interest ratio for the quarter was the highest in the last five quarters. The company's net sales for the quarter were also the highest in the last five quarters, showing a positive trend.

However, the company's operating cash flow for the year has been the lowest in the last three years, indicating a decline in cash revenues from business operations.

Overall, Hilton Metal Forging has shown a positive financial performance for the quarter ended September 2023, with improvements in key areas such as net sales, profit after tax, and operating profit to interest ratio. Investors may want to keep an eye on the company's cash flow in the coming quarters to assess its financial stability.
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