Balmer Law. Inv. Reports Positive Financial Performance in Q1, MarketsMOJO Recommends Hold

Balmer Law. Inv. has declared its financial results for the quarter ended Mar 2024 on 2024-05-28. The company, which operates in the finance/NBFC industry and is classified as a smallcap, has shown positive financial performance in this quarter. MarketsMOJO has given a 'Hold' call for the stock.

According to the financials, Balmer Law. Inv. has seen a significant improvement in its profitability, with the Profit After Tax (PAT) for this quarter being the highest in the last five quarters at Rs 47.40 crore. The company's Operating Profit (PBDIT) has also shown a positive trend, with the highest value of Rs 93.94 crore in the last five quarters. This has resulted in an increase in the Operating Profit Margin, indicating improved efficiency.

The Profit Before Tax less Other Income (PBT) for this quarter is also the highest in the last five quarters at Rs 84.93 crore, showing a positive trend. This is a growth of 31.6% over the average PBT of the previous four quarters. Similarly, the Profit After Tax (PAT) has also shown a growth of 27.4% over the average of the previous four quarters.

However, the company's Net Sales have been on a decline in the last five quarters, with the lowest value of Rs 579.28 crore in this quarter. The Non Operating Income has also shown a significant increase, which may not be sustainable in the long run.

Overall, Balmer Law. Inv. has shown a positive financial performance in this quarter, with an increase in profitability and efficiency. However, the decline in Net Sales is a cause for concern. Investors are advised to hold their position in the stock, as suggested by MarketsMOJO.