Bhartiya International Reports Strong Profit Growth and Improved Debt Ratios in December 2024 Results

Feb 12 2025 07:18 PM IST
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Bhartiya International has announced its financial results for the quarter ending December 2024, highlighting a significant increase in Profit After Tax to Rs 6.17 crore, up 163.68% year-on-year. Net sales reached Rs 262.97 crore, reflecting a 32.58% growth, while the Debt-Equity Ratio improved to 1.26 times.
Bhartiya International, a microcap player in the leather industry, has recently reported its financial results for the quarter ending December 2024. The company has experienced notable changes in its evaluation, with its score reflecting a shift from 11 to 13 over the past three months.

The financial data reveals a significant growth in Profit After Tax (PAT), which reached Rs 6.17 crore, marking a year-on-year increase of 163.68%. This figure surpasses the PAT of Rs -1.66 crore from the previous twelve-month period, indicating a strong turnaround in profitability. Additionally, net sales for the quarter stood at Rs 262.97 crore, showcasing a year-on-year growth of 32.58%, suggesting a favorable trend in sales performance.

On the balance sheet front, Bhartiya International has achieved its lowest Debt-Equity Ratio in the last five half-yearly periods at 1.26 times, reflecting a strategic reduction in borrowing relative to equity capital. However, it is important to note that the company’s non-operating income constituted 442.31% of Profit Before Tax (PBT), raising concerns about the sustainability of its income sources.

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