Balmer Lawrie & Company shows positive financial performance in Q1 2024, with improved profitability and liquidity
Balmer Lawrie & Company, a smallcap logistics company, has recently declared its financial results for the quarter ended March 2024. The company has shown positive performance in this quarter, with a score of 17 out of 20, an improvement from the previous quarter's score of 15.
One of the key factors contributing to this positive performance is the company's Profit Before Tax less Other Income (PBT) which has grown by 50.4% to Rs 70.22 crore compared to the average PBT of the previous four quarters at Rs 46.70 crore. This trend is expected to continue in the near term.
The company's Profit After Tax (PAT) has also shown a positive trend, with the highest PAT of Rs 73.77 crore in the last five quarters. The Operating Profit (PBDIT) has also seen an upward trend, with the highest at Rs 91.50 crore in the last five quarters. This indicates an improvement in the company's efficiency.
Furthermore, the company's Operating Profit Margin has also shown improvement, with the highest at 15.87% in the last five quarters. This indicates that the company is becoming more efficient in managing its costs.
On the other hand, the company's Net Sales have been on a decline, with the lowest at Rs 576.69 crore in the last five quarters. This is a cause for concern and the company needs to focus on improving its sales in the near term.
Another area of concern is the company's Non Operating Income, which has shown an increase in the last five quarters. However, this income may not be sustainable as it is from non-business activities.
Overall, Balmer Lawrie & Company has shown a positive financial performance in the quarter ended March 2024. The company's profitability has increased, and it has also improved its short-term liquidity. However, the company needs to address the decline in sales and ensure sustainable sources of income in the future. Based on these factors, MarketsMOJO has given a 'Hold' call for the company's stock.
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