Hindoo. Mills reports strong financial performance in Q4 2023, with concerns over sales and non-operating income
Hindoo. Mills, a microcap textile machinery company, has recently declared its financial results for the quarter ending December 2023. The company has shown positive growth in its financial performance, with a score of 9 out of 10, compared to 3 in the previous quarter.
One of the key highlights of the quarter is the significant increase in Profit After Tax (PAT), which has grown by 211.1% to Rs 1.18 crore, compared to an average of -1.06 crore in the previous four quarters. This shows a very positive trend in the company's near term PAT.
The Operating Profit (PBDIT) for the quarter is also the highest in the last five quarters at Rs -0.11 crore, indicating a positive trend in the near term. The company's efficiency has also improved, with the Operating Profit Margin being the highest in the last five quarters at -0.51%.
Another positive aspect is the Profit Before Tax less Other Income (PBT), which is the highest in the last five quarters at Rs -0.67 crore. This shows a positive trend in the near term for PBT.
The company has also shown an increase in Earnings per Share (EPS), which is the highest in the last five quarters at Rs 7.11. This indicates that the company has been able to create higher earnings for its shareholders.
On the other hand, the Net Sales for the quarter have fallen by -7.2% to Rs 21.74 crore, compared to an average of Rs 23.44 crore in the previous four quarters. This shows a negative trend in the near term for sales.
The Non Operating Income for the quarter is also a concern, as it is 156.78% of the Profit Before Tax (PBT). This indicates that the company's income from non-business activities is high, which may not be a sustainable business model.
Overall, Hindoo. Mills has shown positive growth in its financial performance for the quarter ending December 2023. However, investors should carefully consider the company's sales and non-operating income before making any investment decisions. MarketsMOJO has given a 'Sell' call for the company's stock based on these financial results.
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