Bharat Road Network's Q2 financials show mixed results, with some positive and negative trends.
Bharat Road Network, a microcap engineering company, recently announced its financial results for the quarter ending September 2024. The stock has been given a 'Strong Sell' call by MarketsMOJO.
The company's performance for the quarter has been flat, with a score of 0 compared to -5 in the previous three months. However, there are some positive aspects to the financials. The operating profit to interest ratio for the quarter is the highest in the last five quarters at 1.61 times, indicating an improvement in the company's ability to manage interest payments. The profit before tax less other income (PBT) for the quarter is also the highest in the last five quarters at Rs -14.46 crore, showing a positive trend in the near term. Similarly, the profit after tax (PAT) for the quarter is the highest in the last five quarters at Rs -7.16 crore, indicating a positive trend in the near term. The earnings per share (EPS) for the quarter is also the highest in the last five quarters at Rs -0.85, showing an increase in profitability and creating higher earnings for shareholders.
However, there are some areas of concern for Bharat Road based on the September 2024 financials. The net sales for the quarter have fallen by -16.26% year on year (YoY) at Rs 76.21 crore, with a very negative trend in the near term. The debt-equity ratio for the half-yearly period is the highest in the last five half-yearly periods at 7.85 times, with an increase each half-year. This indicates that the company is borrowing more to fund its operations, which may lead to a stressed liquidity situation. Additionally, the net sales for the quarter are the lowest in the last five quarters, with a negative trend in the near term.
Overall, Bharat Road Network's financial performance for the quarter ending September 2024 has been mixed, with some positive and negative aspects. Investors should carefully consider these factors before making any investment decisions.
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