BFL Asset Finvest Q1 Results Total Income Hits ₹906.39 Crores

BFL Asset Finvest Q1 Results

BFL Asset Finvest Q1 Results: BFL Asset Finvest earned a total income of 906.39, which included revenue from operations like selling products and services. However, its expenses were also significant, amounting to 726.19, which led to a profit of 566.47 before accounting for any exceptional items. In Q2, the company faced challenges, as its total income dropped to 131.97, and it recorded a loss of 162.53 after expenses. Q3 showed some recovery, with a small profit of 24.50 despite low total income of 46.78. 

By Q4, BFL Asset Finvest experienced a significant increase in total income to 2,740.53, largely from the sale of products. However, expenses rose even more, leading to a loss of 307.28 before exceptional items. Overall, the table highlights how BFL Asset Finvest's performance fluctuated throughout the year, reflecting changes in income and expenses across different quarters.

Here’s a table:

(Rs. in crores)

Source: Here 

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BFL Asset Finvest Financial Performance

BFL Asset Finvest is a financial company with a market capitalization of ₹20.0 crore, which shows its total market value. The current stock price is ₹19.6, and the price has ranged from a low of ₹12.4 to a high of ₹26.5 over a specific period. The stock has a price-to-earnings (P/E) ratio of 2.60, indicating it is relatively cheap compared to its earnings. The book value of the stock is ₹14.3, which represents the company's net asset value. It does not provide any dividends currently, but it has a return on capital employed (ROCE) of 20.8% and a return on equity (ROE) of 17.2%, suggesting it is efficient in using its resources. 

Here’s a summary of the market data you provided in a simple table format:

Quarterly Results 

BFL Asset Finvest's quarterly results show mixed performance for Dec 2023, Mar 2024, and Jun 2024. In Dec 2023, the company reported strong sales of Rs. 13.12 crores and a net profit of Rs. 2.76 crores, indicating good financial health. However, in Mar 2024, sales dropped sharply to Rs. 1.32 crores, resulting in a loss of Rs. 2.40 crores, which raised concerns about its stability. Fortunately, by Jun 2024, the company rebounded, achieving sales of Rs. 9.06 crores and a net profit of Rs. 5.66 crores, showcasing its ability to recover and improve profitability.

Here’s the summary of the quarterly results for Dec 2023, Mar 2024, and Jun 2024 with the particulars:

(Rs. in crores, except the shares)

About BFL Asset Finvest 

BFL Asset Finvest is a non-banking finance company (NBFC) based in India. Founded on August 31, 1995, in Jaipur as BFL Developers, it changed its name to BFL Asset Finvest in May 2017. The company focuses on trading and investing in securities, negotiable instruments, and providing inter-corporate loans. Its registered office is located at 1 Tara Nagar, Ajmer Road, Jaipur, Rajasthan.

BFL Asset Finvest is audited by Khilnani & Associates. The company's annual report for the financial year 2023-24 can be found on Moneycontrol, and its 29th Annual General Meeting (AGM) will be held on September 26, 2024.