Indsil Hydro Power & Manganese's Q3 Financial Decline
Indsil Hydro Power & Manganese, a microcap company in the ferro and silica manganese industry, has reported a decline in net sales, consolidated net profit, and operating profit for the quarter ended September 2023. The company's financial performance has been negative, with a score of -19, and its ability to manage interest payments has deteriorated. However, there has been an increase in cash and cash equivalents, indicating improved short-term liquidity.
Indsil Hydro Power & Manganese, a microcap company in the ferro and silica manganese industry, recently declared its financial results for the quarter ended September 2023. The stock call by MarketsMOJO is currently a 'Strong Sell'.
According to the quarterly analysis, there has been a significant decline in net sales and consolidated net profit compared to the previous quarter. The operating profit (PBDIT) excluding other income has also seen a sharp decline. However, there has been a slight increase in interest expenses.
The company's operating profit margin has also fallen compared to the previous quarter. Overall, the financial performance of Indsil Hydro for the quarter has been negative, with a score of -19, a decrease from -7 in the last three months.
On a positive note, the company's cash and cash equivalents have increased, indicating an improvement in short-term liquidity. However, the net sales for the quarter have fallen by 35.45% compared to the same period last year, and the profit before tax (PBT) and profit after tax (PAT) have also seen a significant decline.
The company's ability to manage interest payments has deteriorated, with the operating profit to interest ratio at its lowest in the last five quarters. The interest cost has also risen, indicating increased borrowings.
In conclusion, the financial results for the quarter ended September 2023 for Indsil Hydro Power & Manganese have been negative, with a decline in sales, profits, and efficiency. The company's debtors turnover ratio has also slowed down, indicating a slower pace in settling its debtors.
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