Bharat Bijlee's Q1 FY25 financial results show decline in performance, 'Hold' call by MarketsMOJO.

Bharat Bijlee, a midcap company in the capital goods industry, recently declared its financial results for the quarter ending June 2024. According to the data released on July 18, 2024, the company’s stock has been given a ‘Hold’ call by MarketsMOJO.

The financial performance of Bharat Bijlee for the quarter has been negative, with a score of -8 compared to 24 in the previous three months. This indicates a decline in the company’s overall performance.

One of the major factors contributing to this negative trend is the decline in Profit Before Tax (PBT) and Profit After Tax (PAT). The PBT for the quarter was Rs 22.21 crore, which is a decrease of 34.6% compared to the average PBT of the previous four quarters. Similarly, the PAT for the quarter was Rs 23.93 crore, a decrease of 27.2% compared to the average PAT of the previous four quarters.

The company’s net sales also saw a decline of 19.9% compared to the average net sales of the previous four quarters. This is a cause for concern as it indicates a negative trend in the company’s sales performance.

Furthermore, Bharat Bijlee’s operating profit (PBDIT) for the quarter was at its lowest in the last five quarters, at Rs 29.45 crore. This is another indication of the company’s declining performance.

The company’s earnings per share (EPS) for the quarter were also at its lowest in the last five quarters, at Rs 21.18. This shows a decline in profitability and lower earnings for shareholders.

Overall, the financial results for the quarter ending June 2024 have not been favorable for Bharat Bijlee. Investors are advised to hold their stock and closely monitor the company’s performance in the near future.