Batliboi's Q1 financials show mixed performance, with positive trends in PAT and liquidity.

Batliboi, a microcap engineering company, recently announced its financial results for the quarter ending June 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financials, Batliboi's performance has remained flat in the quarter, with a score of 1 compared to -10 in the previous 3 months. However, there are some positive aspects to the company's financials.

The Profit After Tax (PAT) for the quarter has shown a growth of 23.0% compared to the average PAT of the previous four quarters. This indicates a positive trend in the near term. Additionally, the company's Cash and Cash Equivalents have reached a record high of Rs 15.41 crore in the last six half yearly periods, showing an improvement in short term liquidity.

Another positive aspect is the Debt-Equity Ratio, which has been consistently decreasing in the last five half yearly periods. This shows that the company is reducing its borrowing in comparison to its equity capital.

On the other hand, the Non Operating Income for the quarter is 45.59% of the Profit Before Tax (PBT). This indicates that the company's income from non-business activities is high, which may not be a sustainable business model.

Overall, Batliboi's financials for the quarter ending June 2024 show a mixed performance. While there are some positive aspects, there are also some areas that need improvement. Investors are advised to hold their position and monitor the company's performance in the upcoming quarters.