Bharat Forge Reports Mixed Financial Results for Q2 FY25, Strong Operating Cash Flow and Debtors Turnover Ratio
Bharat Forge, a leading player in the castings and forgings industry, has recently announced its financial results for the quarter ending September 2024. The company has shown positive performance in this quarter, with its score improving from 16 to 6 in the last three months.
One of the key factors contributing to this positive performance is the company’s strong operating cash flow, which has been consistently growing over the past three years. In fact, in the last year, Bharat Forge has generated the highest operating cash flow of Rs 1,664.40 crore. This indicates that the company has been able to generate higher cash revenues from its business operations.
Another positive aspect of the company’s financials is its debtors turnover ratio, which has been the highest at 5.64 times in the last five half-yearly periods. This shows that Bharat Forge has been able to settle its debtors faster, which is a good sign for its financial health.
However, there are some areas that need improvement for Bharat Forge. The company’s net sales for the quarter have been the lowest in the last five quarters, at Rs 3,688.51 crore. This indicates a negative trend in its sales performance in the near term. Additionally, the company’s profit after tax (PAT) for the quarter has also fallen by 5.1% compared to the average PAT of the previous four quarters. This is another area of concern for the company.
On a positive note, Bharat Forge has seen an increase in its non-operating income, which has been the highest in the last five quarters. However, experts caution that this may not be sustainable in the long run.
Overall, the financial results for the quarter ending September 2024 for Bharat Forge have been mixed, with some positive and negative trends. MarketsMOJO has given a ‘Hold’ call for the company’s stock, indicating a neutral stance. Investors should keep a close eye on the company’s performance in the coming quarters to make informed decisions.
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