BAG Films & Media Announces Q1 Financial Results: Mixed Performance with Positive Sales Growth

May 30 2024 06:00 PM IST
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BAG Films & Media, a microcap company in the TV broadcasting and software industry, has reported a flat performance in the quarter ending March 2024. While net sales have shown a positive trend, profit after tax and operating profit have declined. Investors should carefully evaluate the company's financials before making any investment decisions.

B A G Films & Media, a microcap company in the TV broadcasting and software industry, has recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, BAG Films has seen a flat performance in the quarter, with a score of -3 compared to -1 in the previous three months. However, there are some positive aspects to the company's performance. The net sales for the quarter have grown by 25.4% to Rs 40.35 crore, which is higher than the average net sales of the previous four quarters at Rs 32.18 crore. This indicates a positive trend in the company's sales.

On the other hand, there are some areas of concern for BAG Films. The profit after tax (PAT) for the quarter has fallen by -53.3% to Rs 0.78 crore, which is lower than the average PAT of the previous four quarters at Rs 1.67 crore. This shows a negative trend in the company's profitability. Additionally, the company's ability to manage interest payments has deteriorated, with the operating profit to interest ratio being the lowest in the last five quarters.

The operating profit (PBDIT) for the quarter is also at its lowest in the last five quarters at Rs 2.04 crore, indicating a negative trend in the company's operating profit. The operating profit margin is also at its lowest in the last five quarters, showing a decline in the company's efficiency. The profit before tax less other income (PBT) is also at its lowest in the last five quarters at Rs -1.65 crore, indicating a negative trend in the company's pre-tax profitability.

It is worth noting that the non-operating income for the quarter is at its highest in the last five quarters at Rs 1.06 crore. However, this increase in income from non-business activities may not be sustainable.

Overall, BAG Films & Media's financial performance for the quarter ending March 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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