Bombay Dyeing & Manufacturing Company's Q2 FY24-25 Financial Results Show Mixed Performance

Nov 14 2024 09:48 AM IST
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Bombay Dyeing & Manufacturing Company, a smallcap diversified company, has declared its financial results for the quarter ending September 2024. The company's PAT has shown a significant growth of 112.14% year on year, but there are also areas that need improvement such as a rise in interest cost and a decline in net sales. Investors should carefully evaluate these factors before making any investment decisions.

Bombay Dyeing & Manufacturing Company, a smallcap diversified company, recently declared its financial results for the quarter ending September 2024. The stock call by MarketsMOJO for the company is 'Sell'.

According to the financials, Bombay Dyeing has seen a flat performance in the second quarter of FY24-25, with a score of -2 compared to 10 in the last 3 months. However, there are some positive aspects to the company's performance. The Profit After Tax (PAT) for the nine-month period has shown a growth of 112.14% year on year, with a total of Rs 58.67 crore. This is a very positive trend for the company.

Moreover, the PAT for the nine-month period is higher than the preceding 12-month period, which ended in September 2024. This shows that the company has already surpassed its sales from the previous year in just nine months.

On the other hand, there are some areas that need improvement for Bombay Dyeing. The interest cost for the quarter has increased by 37.99% quarter on quarter, indicating a rise in borrowings. Additionally, the company's operating cash flow for the year is at its lowest in the last three years, at Rs 354.92 crore. This suggests a decline in cash revenues from business operations.

Furthermore, the net sales for the quarter have fallen by -7.2% compared to the average net sales of the previous four quarters. This indicates a negative trend in the near term for the company's sales.

Overall, the financial results for the quarter ending September 2024 show a mixed performance for Bombay Dyeing & Manufacturing Company. While there are some positive aspects, there are also areas that need improvement. Investors should carefully consider these factors before making any investment decisions.
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