Balgopal Commercial Q1 Results Revenue Down 95.22% QoQ & 94.83% YoY

Balgopal Commercial Quarterly Growth Comparison

Balgopal Commercial Q1 Results: In the first quarter of June 2024, Balgopal Commercial's financial performance showed some significant changes. The company's total revenue was very low at ₹0.05 crores, which is a big drop of about 95% compared to the previous quarter and nearly 95% lower than the same quarter last year. This drop in revenue also led to a big reduction in total operating expenses, which fell by about 84% from the previous quarter and 77% compared to the same quarter last year. 

Despite these drops, the Balgopal Commercial’s net income before taxes improved greatly, reaching ₹4.52 crores, which is a significant increase from a loss of ₹3.90 crores in the previous quarter and more than double the amount from the same quarter last year. Net income also saw a notable improvement, reaching ₹3.88 crores, which is up 3.60% from the previous quarter and more than double compared to the same quarter last year. 

Balgopal Commercial’s diluted normalized earnings per share (EPS) also increased by 3.52% from the previous quarter and more than doubled compared to the same quarter last year, reaching ₹2.35. Overall, while revenue was very low, the company made strong gains in profitability and EPS.

Here’s a summary of Balgopal Commercial's Q1 financial results:

(Figures in crores except per share values)

Source: Here 

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Balgopal Commercial Q1 Results

Balgopal Commercial’s financial results for the quarter ending on June 30, 2024, show how the company performed financially. For this quarter, the company earned 47.39 million rupees from all sources of income, which is less than the 53.20 million rupees it earned in the previous quarter. The company’s revenue from its core business operations was 0.52 million rupees, while other income was 46.87 million rupees. This total income is higher than the 30.76 million rupees earned in the same quarter last year.

When it comes to expenses, Balgopal spent 2.19 million rupees this quarter, a significant decrease from the 13.87 million rupees spent last quarter. Major expenses included changes in inventory and employee salaries. The company made a profit of 45.20 million rupees before taxes, which is better than the 39.33 million rupees profit from the previous quarter. After accounting for taxes, the company’s net profit for the quarter was 38.78 million rupees, which is also higher than the previous quarter’s net profit of 37.43 million rupees.

Balgopal Commercial's earnings per share, which is how much profit each share of stock earned, were 2.35 rupees this quarter, the same as the previous quarter. The company’s paid-up share capital remains steady at 165.10 million rupees.

Here's a simplified summary of the unaudited financial results for Balgopal Commercial for the quarter ended June 30, 2024:

Balgopal Commercial Financial Metrics

Balgopal Commercial table shows key financial details.The Market Cap of ₹136 Crores means the total value of all its shares combined. The Current Price of ₹82.10 is what each share costs right now. The High / Low Price indicates that the share price has ranged from ₹82.10 at its highest to ₹19.40 at its lowest. 

Here's the information in table format:

Quarterly Results

The Balgopal Commercial table shows financial results for three periods: December 2023, March 2024, and June 2024. For December 2023, the company had high sales of ₹8.92 crores and expenses of ₹7.69 crores, resulting in an operating profit of ₹1.23 crores and a 13.79% profit margin. By March 2024, sales dropped to ₹1.09 crores, expenses increased to ₹1.39 crores, and the company reported an operating loss. 

Here is the data for December 2023, March 2024, and June 2024:

About Balgopal Commercial

Balgopal Commercial, formerly known as Bombinoo Commercial, has been in business for over 20 years. The company originally focused on buying and selling a range of goods, including consumer and household products. Over the years, Balgopal Commercial expanded its scope to include investment activities. It now invests in and deals with financial instruments like shares, debentures, bonds, and securities issued or guaranteed by various governments.

Balgopal Commercial is well-known for its trading in sarees. It offers a diverse selection of sarees, ranging from plain and simple designs to more elaborate and designer options. The company caters to a wide range of customers, providing both cotton and silk sarees to suit different preferences. Their main goal is to meet the needs of the growing saree industry and serve all age groups effectively.

Balgopal Commercial is planning to broaden its business by trading other types of merchandise. They aim to use their existing network of wholesalers and retailers to introduce new products. With over two decades of experience, the company is on a path to becoming a comprehensive shopping destination for retailers and customers alike.