Him Teknoforge's Q1 Financial Results Show Positive Growth and Improved Efficiency

Him Teknoforge, a microcap company in the auto ancillary industry, has recently announced its financial results for the quarter ending March 2024. The company has shown a positive performance in this quarter, with a significant improvement in its financial score from -18 to 10 in the last three months.

According to the financial report, the company's Profit Before Tax less Other Income (PBT) for the quarter was Rs 4.05 crore, which is a growth of 150.0% compared to the average PBT of the previous four quarters at Rs 1.62 crore. This indicates a very positive trend in the near term for PBT. Similarly, the Profit After Tax (PAT) for the quarter was Rs 3.70 crore, showing a growth of 128.0% over the average PAT of the previous four quarters at Rs 1.62 crore. This also reflects a very positive trend in the near term for PAT.

The company's Operating Profit to Interest ratio for the quarter was the highest in the last five quarters at 2.64 times, indicating an improvement in its ability to manage interest payments. The Net Sales for the quarter were also the highest in the last five quarters at Rs 98.91 crore, showing a positive trend in the near term. The Operating Profit (PBDIT) for the quarter was also the highest in the last five quarters at Rs 10.67 crore, indicating a positive trend in the near term for Operating Profit.

The company's Operating Profit Margin for the quarter was the highest in the last five quarters at 10.79%, showing an improvement in its efficiency. The Profit Before Tax less Other Income (PBT) and Profit After Tax (PAT) for the quarter were also the highest in the last five quarters at Rs 4.05 crore and Rs 3.70 crore respectively, indicating a positive trend in the near term for both these parameters. The Earnings per Share (EPS) for the quarter were also the highest in the last five quarters at Rs 4.71, showing an increase in profitability and creating higher earnings for shareholders.

Based on these financial results, MarketsMOJO has given a 'Sell' call for Him Teknoforge's stock. However, it is important to note that this article is based on facts and does not include any external data or sources. It is meant to provide neutral and informative information to the readers about the company's financial performance in the given quarter.