Balurghat Tech's Q3 financials show mixed performance, with highest net sales but lowest profit margin

Net Profit Margin - Quarterly: Lowest at 3.67% in the last five quarters.Company's profitability has decreased.
Return on Equity (ROE) - Quarterly: Lowest at 3.67% in the last five quarters.Company's profitability has decreased.

Balurghat Technologies, a microcap logistics company, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, Balurghat Tech's performance for the quarter was flat, with a score of 3 out of 5. However, there has been an improvement from the previous quarter's score of 2.

The company's net sales for the quarter were the highest in the last five quarters, at Rs 20.86 crore. This shows a positive trend in the near term sales for Balurghat Tech. The operating profit (PBDIT) for the quarter was also the highest in the last five quarters, at Rs 1.14 crore. This indicates a positive trend in the company's near term operating profit.

The operating profit margin for the quarter was also the highest in the last five quarters, at 5.47%. This shows an improvement in the company's efficiency. The profit before tax (PBT) less other income for the quarter was also the highest in the last five quarters, at Rs 0.87 crore. This indicates a positive trend in the company's near term PBT.

In the nine-month period ending September 2024, Balurghat Tech's profit after tax (PAT) was higher at Rs 2.12 crore compared to the previous 12-month period's PAT of Rs 1.63 crore. This shows that the company has already surpassed its sales from the previous year in just nine months.

However, there are some areas that need improvement for Balurghat Tech. The company's operating cash flow for the year was the lowest in the last three years, at Rs 1.14 crore. This indicates a decrease in the company's cash revenues from business operations. The net profit margin for the quarter was also the lowest in the last five quarters, at 3.67%, showing a decrease in the company's profitability. The return on equity (ROE) for the quarter was also the lowest in the last five quarters, at 3.67%, indicating a decrease in the company's profitability.

Overall, Balurghat Technologies has shown a mixed performance in the quarter ending September 2024. While there are some positive trends in the company's financials, there are also areas that need improvement. Investors are advised to hold their stock and keep an eye on the company's future performance.