Brahmaputra Infrastructure Reports Positive Financial Results, Stock Receives 'Hold' Rating

Aug 14 2024 09:48 AM IST
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Brahmaputra Infrastructure, a microcap company in the capital goods industry, has reported a positive performance in the quarter ending June 2024, with a score of 28. The company's financials show an increase in PBT and PAT, as well as a growth in net sales and efficient management of debt and inventory. MarketsMojo has given the company's stock a 'Hold' call, making it a potential investment option.
Brahmaputra Infrastructure, a microcap company in the capital goods industry, has recently announced its financial results for the quarter ending June 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financials, Brahmaputra Inf. has shown a very positive performance in the quarter, with a score of 28, which is an improvement from 18 in the previous 3 months. This indicates that the company is on a positive growth trajectory.

One of the key factors contributing to this growth is the Profit Before Tax less Other Income (PBT) which has shown a significant increase of 110.90% year on year, reaching Rs 8.71 crore. The Profit After Tax (PAT) has also seen a growth of 91.0% year on year, reaching Rs 6.78 crore. This shows that the company is effectively managing its expenses and increasing its profitability.

The Net Sales for the quarter have also seen a positive growth of 48.07% year on year, reaching Rs 79.38 crore. This indicates that the company's products and services are in demand and its sales are increasing.

Another positive aspect of Brahmaputra Inf.'s financials is its ability to manage interest payments, with an Operating Profit to Interest ratio of 3.49 times, which is the highest in the last five quarters. This shows that the company is becoming more efficient in managing its debt.

The company has also been able to sell its inventory faster, with an Inventory Turnover Ratio of 1.26 times, which is the highest in the last five half-yearly periods. This indicates that the company's products are in demand and it is able to efficiently manage its inventory.

Overall, Brahmaputra Infrastructure has shown a positive trend in its financials, with increasing sales and profitability. The company's stock has been given a 'Hold' call by MarketsMOJO, indicating that it is a good investment option for now. With a highest Earnings per Share (EPS) of Rs 2.34 in the last five quarters, the company has also created higher earnings for its shareholders.
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