Bluechip Tex Industries Reports Mixed Performance in Q1 FY25 Financial Results
Bluechip Tex Industries, a microcap company in the textile industry, has recently announced its financial results for the quarter ending March 2024. The results, declared on August 7, 2024, have received a ‘Sell’ call from MarketsMOJO.
According to the financial report, Bluechip Tex Ind has shown a flat performance in the quarter, with a score of -2. However, this is an improvement from the previous quarter’s score of -8.
One of the positive aspects of the company’s performance is its net sales, which have been the highest in the last five quarters at Rs 68.12 crore. The sales trend in the near term is also positive. Additionally, the company has been able to settle its debtors faster, with a debtors turnover ratio of 38.20 times in the last five half-yearly periods.
On the other hand, the company’s cash and cash equivalents have been at their lowest in the last six half-yearly periods, at Rs 0.46 crore. This indicates a deteriorating short-term liquidity for Bluechip Tex Ind.
Overall, the financial results for the quarter ending March 2024 show a mixed performance for Bluechip Tex Industries. Investors should carefully consider these factors before making any investment decisions.
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