Bharat Highways InvIT Reports Decline in Profit for Q3 2024

Nov 08 2024 09:55 AM IST
share
Share Via
Bharat Highways InvIT, a midcap finance company, has reported a decline in its Profit Before Tax and Profit After Tax for the quarter ending September 2024. This indicates a negative trend in the near term for the company's profitability. Investors are advised to carefully evaluate the company's financials before making any investment decisions.

Bharat Highways InvIT, a midcap finance company, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Strong Sell' rating by MarketsMOJO.

According to the financial report, the company's Profit Before Tax (PBT) has fallen by 40.8% to Rs 40.75 crore compared to the average PBT of the previous four quarters, which was Rs 68.86 crore. This indicates a negative trend in the near term for PBT. Similarly, the Profit After Tax (PAT) has also fallen by 44.1% to Rs 38.37 crore, compared to the average PAT of the previous four quarters, which was Rs 68.65 crore. This also suggests a negative trend in the near term for PAT.

These financial results show that Bharat Highways InvIT is facing challenges in maintaining its profitability. However, it is important to note that these results are based on the quarter ending September 2024 and may not reflect the company's overall performance. Investors and stakeholders are advised to carefully analyze the company's financials before making any investment decisions.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News