Bhagwati Autocast Reports Significant Year-on-Year Growth in Financial Performance for December 2024
Bhagwati Autocast has announced its financial results for the quarter ending December 2024, showcasing significant year-on-year growth. Profit Before Tax reached Rs 1.89 crore, up 420.34%, while net sales increased to Rs 31.67 crore, reflecting a 29.64% rise, indicating strong operational performance in the castings and forgings sector.
Bhagwati Autocast, a microcap player in the castings and forgings industry, has recently reported its financial results for the quarter ending December 2024. The results, declared on February 13, 2025, indicate a notable shift in the company's evaluation, with the score moving to 3 from -8 over the past three months.The financial data reveals a significant year-on-year growth in Profit Before Tax (PBT), which stands at Rs 1.89 crore, reflecting a remarkable increase of 420.34%. This positive trend in PBT suggests a strong operational performance for the company. Additionally, net sales for the quarter reached Rs 31.67 crore, marking a year-on-year growth of 29.64%. This upward trajectory in sales further underscores the favorable near-term trends for Bhagwati Autocast.
Overall, the recent financial results highlight a positive adjustment in the company's evaluation, reflecting its performance in the competitive landscape of the castings and forgings industry.
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