Hindustan Media's Financial Performance Declines

Hindustan Media Ventures, a microcap company in the printing and publishing industry, recently declared its financial results for the quarter ended September 2023. According to the analysis by MarketsMOJO, the stock call for Hindustan Media is 'Sell'.

In the quarter ended September 2023, the company saw a decline of -2.39% in net sales compared to the previous quarter, which had a decline of -10.40%. The consolidated net profit also saw a decline of -199.53% in the same period, compared to -47.35% in the previous quarter. The operating profit (PBDIT) excluding other income also saw a decline of -122.24%, compared to -18.99% in the previous quarter.

However, the interest cost for the company has increased by 39.18% in the quarter ended September 2023, compared to 8.94% in the previous quarter. This signifies increased borrowings for the company. The operating profit margin (excluding other income) has also fallen from the previous quarter.

The financial performance of Hindustan Media for the quarter ended September 2023 has been flat, with a score of -5 compared to 9 in the last 3 months. The company's profit before tax (PBT) and profit after tax (PAT) have also seen a negative trend in the near term.

The company's ability to manage interest payments has deteriorated, with the operating profit to interest ratio being the lowest in the last five quarters. The net sales for the quarter were also the lowest in the last five quarters, with a negative trend in the near term.

Based on the financials for the quarter ended September 2023, it can be observed that Hindustan Media is facing challenges in terms of declining sales and profits, as well as increasing interest costs. Investors are advised to carefully consider these factors before making any investment decisions.