Bharat Immunological Corp Reports Decline in Q3 Financials
Bharat Immunological & Biological Corporation, a microcap pharmaceutical company, reported a decline in net sales and standalone net profit for the quarter ended September 2023. The company's operating profit and interest expenses also saw a decline, while its financial performance has been negative with a score of -9. Investors should carefully consider these factors before making any investment decisions.
Bharat Immunological & Biological Corporation, a microcap pharmaceutical company, recently announced its financial results for the quarter ended September 2023. The company reported a decline in net sales and standalone net profit, with a growth of -7.19% and -18.30% respectively, compared to the previous quarter.According to MarketsMOJO, a leading financial analysis platform, the stock call for Bharat Immunological & Biological Corporation is 'Sell'. The company's operating profit (PBDIT) excluding other income also saw a decline of -8.56% in the quarter ended September 2023, compared to -7.46% in the previous quarter. However, there was a growth of 21.51% in interest expenses in the same period.
The company's operating profit margin (excluding other income) has not been reported in the last few periods. This quarter, Bharat Immunological & Biological Corporation has seen a negative financial performance, with a score of -9 compared to -14 in the last three months.
The financial analysis of the company's September 2023 quarter highlights some concerning trends. Net sales for the nine-month period have declined by -87.03% year on year, indicating a negative sales trend in the near term. Similarly, the profit after tax (PAT) for the same period has also declined by -87.03%, showing a negative trend in the company's profitability.
Moreover, the company's profit before tax (PBT) excluding other income for the quarter was the lowest in the last five quarters at Rs -6.81 crore. This indicates a negative trend in the company's near-term PBT. The earnings per share (EPS) for the quarter was also the lowest in the last five quarters at Rs -1.14, showing a decline in profitability and lower earnings for shareholders.
In conclusion, Bharat Immunological & Biological Corporation's financial performance for the quarter ended September 2023 has been negative, with declining sales and profitability. Investors should carefully consider these factors before making any investment decisions.
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