Hindustan Media Ventures Reports Negative Performance in Q3 2023 Financial Results

Hindustan Media Ventures, a microcap company in the printing and publishing industry, has recently announced its financial results for the quarter ending December 2023. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Hindustan Media has seen a negative performance in the quarter, with a score of -6 compared to -5 in the previous 3 months. This indicates a decline in the company's overall financial health.

One of the major factors contributing to this decline is the Profit After Tax (PAT) for the quarter, which has fallen to -0.82 crore, a decrease of 128.7% compared to the average PAT of the previous four quarters. This is a concerning trend for the company's profitability in the near future.

Another concerning aspect is the company's interest expenses, which have grown by 42.80% in the half-yearly period. This suggests that Hindustan Media has taken on more borrowings, which could have a negative impact on its financial stability.

Overall, the financial results for the quarter ending December 2023 do not paint a positive picture for Hindustan Media Ventures. Investors should carefully consider these factors before making any investment decisions.