Balaji Telefilms Reports Mixed Performance in Q1 FY25 Financial Results

Balaji Telefilms, a microcap company in the TV broadcasting and software industry, recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.

According to the financial report, Balaji Telefilms has shown a flat performance in the quarter, with a score of 1 compared to -2 in the previous quarter. However, there are some positive aspects to the company’s financials. The operating cash flow has been consistently growing over the past three years, with the highest amount of Rs 65.85 crore generated annually. The inventory turnover ratio has also been improving, with the company selling its inventory at a faster rate.

In terms of liquidity, Balaji Telefilms has shown improvement with the highest amount of cash and cash equivalents of Rs 38.87 crore in the last six half-yearly periods. The debtors turnover ratio has also been consistently high, indicating that the company has been able to settle its debts faster. Additionally, the dividend payout ratio has been at its highest in the last five years, with the company distributing a higher proportion of profits as dividends.

However, there are some areas of concern for Balaji Telefilms. The profit before tax (PBT) has fallen by 87% compared to the average of the previous four quarters, and the profit after tax (PAT) has also seen a decline of 113.9%. The non-operating income is also high, indicating that the company’s income from non-business activities is not sustainable.

Overall, Balaji Telefilms has shown a mixed performance in the quarter ending June 2024. Investors should carefully consider these financials before making any investment decisions.