Balkrishna Paper Mills Announces Q1 Financial Results, Receives 'Strong Sell' Call from MarketsMOJO

Balkrishna Paper Mills, a microcap company in the paper and paper products industry, has recently announced its financial results for the quarter ending March 2024. The results, declared on August 14, 2024, have received a 'Strong Sell' call from MarketsMOJO.

According to the financials, Balkrishna Paper has shown a flat performance in the quarter, with a score of 5 out of 10, compared to 6 in the previous quarter. However, there are some positive aspects to the company's performance.

The operating profit (PBDIT) for the quarter was the highest at Rs -0.64 crore and has grown consistently in the last five quarters. This indicates a positive trend in the near term for the company's operating profit.

Similarly, the profit before tax less other income (PBT) was also the highest at Rs -2.83 crore and has shown growth in each of the last five quarters. This is a very positive trend for the company's PBT in the near term.

In terms of earnings per share (EPS), Balkrishna Paper has shown the highest at Rs 1.91 in the last five quarters. This indicates increasing profitability and higher earnings for shareholders.

Overall, while the company's financial performance for the quarter may not be impressive, there are some positive indicators for its future growth. Investors should keep an eye on Balkrishna Paper Mills and its performance in the coming quarters.