Bhilwara Technical Textiles Q1 Results with Net Income Surges to ₹4.58 Crore

Bhilwara Technical Textiles Ltd Q1 Results comparison

Bhilwara Technical Textiles Q1 Results: Bhilwara Technical Textiles' Q1 results for June 2024 show both improvements and challenges. The company’s total revenue for the quarter was ₹1.27 crore, which is a big drop compared to ₹4.00 crore in June 2023. This is a year-over-year (YoY) decrease of 68.16%. Compared to the previous quarter (March 2023), the revenue fell slightly by 69.07%, showing a decline in quarter-on-quarter (QoQ) performance too.

Bhilwara Technical Textiles' Selling, General, and Administrative Expenses were ₹0.02 crore in June 2024, which was a YoY decrease of 59.08% compared to ₹0.05 crore in June 2023. There was also a QoQ reduction of 49.74% from March 2023’s ₹0.05 crore. Other operating expenses went down by 48.91% from the last quarter and 38.17% YoY.

Bhilwara Technical Textiles' Operating Income was still negative at -₹0.02 crore. This shows the company struggled to generate profit from operations, despite improving from -₹0.18 crore last quarter.

Bhilwara Technical Textiles' Net Income before taxes improved dramatically, increasing to ₹4.91 crore in June 2024, a significant YoY increase of 19.37% compared to ₹4.12 crore in June 2023. Their Net Income also rose to ₹4.58 crore, a 15.14% YoY improvement. Lastly, the diluted normalized EPS was ₹0.78, which was a YoY increase of 14.71%.

Here is a simplified summary of Bhilwara Technical Textiles' Q1 Results for June 2024:

Source: Here 

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Bhilwara Technical Textiles Q1 Results

Bhilwara Technical Textiles' financial results for the quarter ending June 30, 2024, show how the company performed compared to previous periods. The company's revenue from operations for this quarter was ₹127.37 lakhs. This was a drop from the previous quarter, which saw ₹411.83 lakhs in revenue. Even though the revenue decreased, the other income increased significantly to ₹142.11 lakhs from ₹50.01 lakhs in the last quarter. When adding both these figures, the total income for this quarter was ₹269.48 lakhs, which is less than what they earned in the previous quarter.

On the expense side, the total expenses for the quarter were ₹129.46 lakhs, down from ₹420.07 lakhs in the previous quarter. This reduction in expenses helped improve their overall profit. The profit before tax for the quarter was ₹140.02 lakhs for standalone operations, much higher than the ₹41.77 lakhs in the previous quarter. For the consolidated financials (which include other parts of the business), the net profit after tax came to ₹457.97 lakhs, a significant increase from ₹310.07 lakhs in the last quarter.

Here’s a simplified breakdown of Bhilwara Technical Textiles's unaudited financial results for the quarter ended 30th June 2024.

(in lakhs)

Bhilwara Technical Textiles Stock Metrics

Bhilwara Technical Textiles table shows important financial details. Their market cap is ₹296 crore, meaning the total value of all its shares is ₹296 crore. The current price of one share is ₹50.7, with the highest price being ₹73.8 and the lowest ₹25.2 in recent times. The P/E ratio is 22, showing that investors pay 22 times the company's earnings per share. Its book value is ₹28.3, and it doesn't give any dividends. 

Here is the data in table format:

Quarterly Results 

Bhilwara Technical Textiles showed varying financial results in December 2023, March 2024, and June 2024. In December 2023, the company had sales of Rs. 3.11 crores, with expenses slightly higher at Rs. 3.20 crores, resulting in a small operating loss of Rs. 0.09 crores. By March 2024, sales increased to Rs. 4.12 crores, while expenses rose to Rs. 4.20 crores, leading to a loss of Rs. 0.08 crores. In June 2024, the sales dropped to Rs. 1.27 crores, but expenses decreased to Rs. 1.29 crores, resulting in a smaller loss of Rs. 0.02 crores. Overall, the company experienced fluctuations in sales and losses across these months.

Here is the version of the data with only the details for December 2023, March 2024, and June 2024:

About Bhilwara Technical Textiles 

Bhilwara Technical Textiles is a company formed under the Companies Act, 1956, from the de-merger of the Strategic Investment Division of RSWM. BTTL focuses on making and selling various types of fabrics used in cars and home furnishings. They produce and trade items like clothing and textile products made from materials such as cotton, nylon, silk, polyester, and acrylic.

Bhilwara Technical Textiles also engages in activities like importing, exporting, and acting as distributors, stockists, and suppliers. Overall, BTTL plays an important role in the textile industry, offering a wide range of quality products.