Birla Precision Technologies Reports Decline in Financial Performance for Q1 FY25

Aug 16 2024 08:51 AM IST
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The company's PAT, Debtors Turnover Ratio, Net Sales, and EPS have all shown a decline, indicating a slowdown in financial health. Birla Precision Technologies, a microcap engineering company, has reported a decline in its financial performance for the quarter ending June 2024. The company's PAT, Debtors Turnover Ratio, Net Sales, and EPS have all shown a decline, indicating a slowdown in financial health. Investors are advised to hold their stocks and monitor the company's future performance closely.

Birla Precision Technologies, a microcap engineering company, recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.

According to the financial report, Birla Precision’s performance has remained flat in the last quarter, with a score of -5 compared to 8 in the previous three months. This indicates a decline in the company’s overall financial health.


One of the major factors contributing to this decline is the Profit After Tax (PAT), which has fallen by 104.3% year on year, standing at Rs -1.43 crore. The company’s near-term trend for PAT is also negative. Additionally, the Debtors Turnover Ratio, which measures the company’s ability to collect payments from its debtors, has been at its lowest in the last five half-yearly periods, indicating a slowdown in the pace of settling debts.


The company’s Net Sales for the quarter have also shown a decline of 5.93% year on year, standing at Rs 60.91 crore. The near-term trend for sales is also negative. Furthermore, the Earnings per Share (EPS) for the quarter is at its lowest in the last five quarters, standing at Rs -0.22. This indicates a decline in profitability and lower earnings for shareholders.


Overall, Birla Precision Technologies has reported a decline in its financial performance for the quarter ending June 2024. Investors are advised to hold their stocks and monitor the company’s future performance closely.


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