Bengal & Assam Company's Q4 2024 Financial Results Show Negative Performance, Receives 'Sell' Call from MarketsMOJO

May 31 2024 06:02 PM IST
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Bengal & Assam Company, a midcap finance and NBFC, reported negative performance in Q4 with a -9 score. However, PAT showed a 29.89% growth year on year and near-term trend is positive. Net sales and PBT also declined, with negative near-term trends. Investors should consider these factors before investing.

Bengal & Assam Company, a midcap finance and non-banking financial company (NBFC), recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Bengal & Assam has seen a negative performance in the quarter, with a score of -9 compared to 13 in the previous quarter. However, there are some positive aspects to the company's financials.

The company's Profit After Tax (PAT) for the half-yearly period has shown a growth of 29.89% year on year, reaching Rs 688.96 crore. The near-term trend for PAT is also positive.

On the other hand, the company's Net Sales for the quarter have fallen by -87.26% year on year, reaching Rs 522.94 crore. The near-term trend for sales is very negative. Similarly, the Profit Before Tax less Other Income (PBT) for the quarter has also shown a decline of -15.64% year on year, reaching Rs 316.23 crore. The near-term trend for PBT is also negative.

In addition, the company's Net Sales for the quarter have been the lowest in the last five quarters, and the near-term trend for sales is negative. The same can be said for the Operating Profit (PBDIT) for the quarter, which has also been the lowest in the last five quarters, with a near-term trend of negative.

Overall, Bengal & Assam Company's financial performance for the quarter ending March 2024 has been negative, with a 'Sell' call from MarketsMOJO. Investors should carefully consider these factors before making any investment decisions.
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