Bimetal Bearings Reports Mixed Financial Results with Growth in Profit After Tax and Declining Sales in December 2024

Feb 13 2025 09:31 PM IST
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Bimetal Bearings has announced its financial results for the quarter ending December 2024, revealing a flat performance overall. The company reported a year-on-year growth in Profit After Tax to Rs 4.58 crore, while net sales declined to Rs 54.08 crore, the lowest in five quarters.
Bimetal Bearings, a microcap company in the bearings industry, has recently reported its financial results for the quarter ending December 2024. The results, declared on February 13, 2025, indicate a flat financial performance for the period. Notably, the company's score has undergone an adjustment, moving to 2 from a previous score of -4 over the last three months.

Analyzing the financials, Bimetal Bearings has shown a positive trend in its Profit After Tax (PAT), which reached Rs 4.58 crore, reflecting a year-on-year growth of 33.92%. This suggests a favorable near-term PAT trend for the company.

Conversely, the company faced challenges in its net sales, which were reported at Rs 54.08 crore, marking the lowest figure in the last five quarters. This represents a decline of 8.6% compared to the average net sales of the previous four quarters, which stood at Rs 59.18 crore. The near-term sales trend appears to be unfavorable.

Overall, Bimetal Bearings' recent financial results highlight a mix of positive and negative factors influencing its performance.

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