Brookfield India Real Estate Trust Shows Strong Financial Performance in Q2 FY24-25

Brookfield India Real Estate Trust, a midcap company in the miscellaneous industry, has recently declared its financial results for the quarter ending September 2024. The stock call for the company by MarketsMOJO is 'Hold'.

According to the financials, Brookfield India has shown a very positive performance in the second quarter of FY24-25. The company's score has remained consistent in the last three months. The Profit Before Tax (PBT) has grown by 118.1% to Rs 28.02 crore, compared to the average PBT of the previous four quarters which was Rs 12.85 crore. This indicates a very positive trend in the near term for PBT.

The company has also shown a strong performance in terms of Operating Cash Flow, with the highest amount of Rs 1,432.83 crore generated annually in the last three years. The Net Sales have also seen a consistent growth, with the highest amount of Rs 590.20 crore in the last five quarters. The Operating Profit (PBDIT) has also shown a positive trend, with the highest amount of Rs 423.64 crore in the last five quarters. The Profit After Tax (PAT) has grown by 66.8% to Rs 25.23 crore, compared to the average PAT of the previous four quarters which was Rs 15.12 crore. This indicates a very positive trend in the near term for PAT.

However, there are some areas that need improvement for Brookfield India. The interest cost has increased by 44.82% to Rs 836.40 crore in the nine-month period, indicating increased borrowings. The Non-Operating Income is also high, at 34.46% of the Profit Before Tax (PBT), which is not a sustainable business model.

Overall, Brookfield India Real Estate Trust has shown a strong financial performance in the quarter ending September 2024. With a 'Hold' stock call by MarketsMOJO, the company has potential for growth in the near term. Investors should keep an eye on the company's interest cost and non-operating income in the future.