Hindoostan Mills Reports Mixed Q4 Results Amidst Textile Industry Challenges

Hindoostan Mills has recently reported its financial results for the quarter ending December 2024, revealing a complex picture of performance within the textile machinery industry. The company has experienced a notable adjustment in its evaluation, with its score shifting to -16 from -24 over the past three months.
On a positive note, Hindoostan Mills has achieved its highest cash and cash equivalents in the last six half-yearly periods, totaling Rs 13.64 crore, indicating an improvement in short-term liquidity. Additionally, the Debtors Turnover Ratio has reached a peak of 30.44 times over the last five half-yearly periods, suggesting that the company is effectively managing its receivables.

Conversely, the financial results also highlight significant challenges. The net sales for the quarter stood at Rs 5.59 crore, reflecting a substantial decline of 67.0% compared to the average net sales of the previous four quarters. Furthermore, the profit after tax (PAT) recorded a loss of Rs 1.96 crore, which is a 71.6% decrease from the average PAT of the prior quarters. This trend indicates ongoing difficulties in achieving positive sales and profitability.

For more insights, you can Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.