Bhagyanagar India's Financial Results Show Negative Performance in Q1 FY25

Bhagyanagar India, a microcap company in the cable industry, 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, Bhagyanagar India has seen a negative performance in the quarter, with a score of -12, which has improved from -13 in the previous three months. This indicates that the company’s financials have not been performing well.

One of the major factors contributing to this negative performance is the company’s Profit After Tax (PAT), which has shown a decline of 90.48% year on year, standing at Rs 4.17 crore. The trend for PAT in the near term is also negative. Similarly, the company’s Net Sales have also shown a decline of 22.82% year on year, standing at Rs 778.89 crore. The near term trend for sales is also negative.

Another concerning factor is the company’s Earnings per Share (EPS), which is at its lowest in the last five quarters at Rs 0.54. This indicates a declining profitability and lower earnings for shareholders.

The Debtors Turnover Ratio for the company in the half yearly period is also at its lowest in the last five periods, standing at 14.62 times. This shows that the company’s pace of settling its debtors has slowed down.

Overall, the financial results for the quarter ending March 2024 have not been positive for Bhagyanagar India. Investors are advised to carefully consider these factors before making any investment decisions.