Bhilwara Tech's Q1 FY25 financial report shows positive growth, with 'Hold' call from MarketsMOJO
Bhilwara Technical Textiles, a microcap trading company, has recently announced its financial results for the quarter ending March 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.
According to the financial report, Bhilwara Tech has shown a positive performance in the quarter, with a score of 14 compared to 23 in the previous quarter. This indicates a growth in the company’s financials.
One of the key highlights of the financial report is the significant growth in Profit After Tax (PAT) for the half-yearly period, which has increased by 354.44% year on year. This is a very positive trend for the company. Additionally, the PAT for the half-yearly period is higher at Rs 7.68 crore compared to the preceding 12 months ended June 2024, which was Rs 7.49 crore. This shows that the company has already surpassed its PAT for the previous 12 months in just half a year.
However, the report also highlights a potential concern for Bhilwara Tech. The Non-Operating Income for the quarter is at its highest in the last five quarters, at Rs 1.42 crore. This increase in income from non-business activities may not be sustainable for the company.
Overall, the financial results for the quarter ending March 2024 show a positive performance for Bhilwara Technical Textiles. Investors are advised to hold their stock in the company, as recommended by MarketsMOJO.
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