BLB Reports Outstanding Financial Performance in Q1 FY25, with Significant Growth in Sales and Profitability.

BLB, a microcap finance company, has 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, BLB has shown an outstanding performance in the quarter, with a significant improvement in its score from 2 to 32 in the last 3 months. This improvement can be attributed to various factors, as seen in the Jun 2024 financials.

One of the key highlights of the report is the growth in net sales, which has increased by 200.3% to Rs 236.05 crore compared to the average net sales of the previous four quarters, which was Rs 78.60 crore. This indicates a very positive trend in the company’s sales in the near term.

Another positive aspect is the growth in Profit Before Tax less Other Income (PBT), which has increased by 1355.8% to Rs 12.01 crore compared to the average PBT of the previous four quarters, which was Rs 0.83 crore. This shows a very positive trend in the company’s profitability in the near term.

Similarly, the Profit After Tax (PAT) has also shown a significant growth of 1231.8% to Rs 8.69 crore compared to the average PAT of the previous four quarters, which was Rs 0.65 crore. This indicates a very positive trend in the company’s overall financial performance.

In addition, BLB has also achieved its highest net sales, operating profit (PBDIT), PBT, and PAT in the last five quarters, further highlighting its positive financial performance in the near term. The company has also shown an increase in its earnings per share (EPS), which is currently at its highest at Rs 1.64 in the last five quarters.

Overall, BLB has shown a strong financial performance in the quarter ending March 2024, with a positive trend in its sales, profitability, and earnings per share. This indicates a promising future for the microcap finance company.