Him Teknoforge Announces Q1 FY25 Financial Results, Shows Positive Sales and Profit Trends
Him Teknoforge, a microcap company in the auto ancillary industry, has recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.
According to the financial report, Him Teknoforge has shown a flat performance in the quarter, with a score of 5 out of 10, which is a decrease from the previous quarter. However, there are some positive aspects to the company’s financials.
The net sales for the quarter were the highest in the last five quarters, at Rs 104.73 crore. This shows a positive trend in the near term for the company’s sales. Additionally, the Profit Before Tax less Other Income (PBT) has grown by 35.9% compared to the average PBT of the previous four quarters, reaching Rs 2.45 crore. The near term trend for PBT is also positive.
The Profit After Tax (PAT) for the quarter was Rs 2.17 crore, which is a 22.1% increase from the average PAT of the previous four quarters. This also indicates a positive trend in the near term for the company’s profits.
Overall, while the financial performance of Him Teknoforge may have been flat in the quarter ending June 2024, there are some positive indicators for the company’s future. Investors are advised to hold their stock for now, as recommended by MarketsMOJO.
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