Brijlaxmi Leasing & Finance Reports Mixed Performance in Q1 2024

May 31 2024 06:01 PM IST
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Brijlaxmi Leasing & Finance, a microcap finance company, has declared its financial results for the quarter ended March 2024. While the company's PAT has increased compared to the previous year, its PBDIT, PBT, and EPS have all decreased. Investors should carefully evaluate these mixed results before making any investment decisions.

Brijlaxmi Leasing & Finance, a microcap finance company, recently declared its financial results for the quarter ended March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Brijlaxmi Leasing & Finance has seen a flat performance in the quarter, with a score of -2 compared to 3 in the previous quarter. However, there are some positive aspects to the company's financials. The Profit After Tax (PAT) for the nine-month period is higher at Rs 0.63 crore compared to the preceding 12-month period of Rs 0.21 crore. This indicates that the company has already surpassed its sales from the previous year.

On the other hand, there are some areas of concern for Brijlaxmi Leasing & Finance. The Operating Profit (PBDIT) for the quarter is at its lowest in the last five quarters, at Rs 0.18 crore. The trend for near-term Operating Profit is also negative. Similarly, the Profit Before Tax less Other Income (PBT) for the quarter is at its lowest in the last five quarters, at Rs -0.15 crore. The near-term trend for PBT is also negative. Additionally, the Earnings per Share (EPS) for the quarter is at its lowest in the last five quarters, at Rs -0.03. This indicates a decline in profitability and lower earnings for shareholders.

Overall, Brijlaxmi Leasing & Finance has shown a mixed performance in the quarter ended March 2024. Investors should carefully consider these financials before making any investment decisions.
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