Hisar Metal Industries Receives Hold Call Despite Negative Financial Performance

Despite a negative financial performance in the quarter ending March 2024, Hisar Metal Industries, a microcap company in the iron and steel industry, has received a "Hold" call from MarketsMOJO. The company's financial score has fallen from -12 to -13 in the last three months, indicating a decline in performance.

One of the major factors contributing to this decline is the significant decrease in Profit Before Tax (PBT) less Other Income, which has fallen by 70.39% year on year. This trend is expected to continue in the near term. Additionally, the company's interest expenses have increased by 50.72% quarter on quarter, indicating a rise in borrowings.

Furthermore, Hisar Metal Industries' ability to manage its interest payments has deteriorated, with the Operating Profit to Interest ratio at its lowest in the last five quarters. The company's Profit After Tax (PAT) for the nine-month period has also seen a negative growth of 33.10% year on year.

Despite these challenges, the company has shown a growth in its PAT for the quarter, but it is still the lowest in the last five quarters. The Operating Profit Margin has also decreased to its lowest at 5.10%, indicating a decline in efficiency.

In conclusion, while Hisar Metal Industries has received a "Hold" call from MarketsMOJO, the company's financial performance for the quarter ending March 2024 has been negative. The company's ability to manage its interest payments and overall efficiency has also deteriorated. Investors are advised to closely monitor the company's performance in the coming quarters.