Bambino Agro Industries Reports Rs 357.18 Lakh Profit for Q1, Revenue Declines
Bambino Agro Industries announced its Q1 financial results, showing a mixed performance. Net profit increased by 4.68% to Rs 357.18 lakhs, while revenue from operations declined significantly by 71.4% to Rs 2,325.67 lakhs compared to the same quarter last year. The company's EPS improved to Rs 4.46 from Rs 4.26. The board meeting to approve these unaudited results was held on August 14.
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Bambino Agro Industries , a leading player in the agro-industry sector, has announced its financial results for the first quarter. The company's board approved the unaudited financial results, revealing a mixed performance with profit growth but a significant decline in revenue.
Profit Growth Amidst Revenue Decline
Bambino Agro Industries reported a net profit of Rs 357.18 lakhs for the quarter, marking a 4.68% increase from Rs 341.20 lakhs in the corresponding quarter of the previous year. This growth in profit comes despite a substantial decrease in revenue.
Revenue Performance
The company's revenue from operations stood at Rs 2,325.67 lakhs, showing a significant decline of 71.4% compared to Rs 8,130.45 lakhs in the same quarter last year. The total income for the quarter, including other income, was Rs 8,336.14 lakhs.
Key Financial Metrics
| Particulars (Rs in lakhs) | Current Quarter | Previous Quarter | % Change |
|---|---|---|---|
| Revenue from Operations | 2,325.67 | 8,130.45 | -71.40% |
| Net Profit | 357.18 | 341.20 | +4.68% |
| EPS (Basic & Diluted) | 4.46 | 4.26 | +4.69% |
Earnings Per Share
The company reported earnings per share (EPS) of Rs 4.46 for both basic and diluted calculations, showing an improvement from Rs 4.26 in the same quarter of the previous year.
Operational Highlights
- The company operates in a single business segment.
- The paid-up equity share capital stands at Rs 800.88 lakhs, with shares having a face value of Rs 10 each.
Board Meeting Details
The Board of Directors meeting, which approved these results, was held on August 14. The meeting commenced at 10:30 am (IST) and concluded at 11:55 am (IST).
Conclusion
Bambino Agro Industries Limited's quarterly results present a complex picture, with profit growth occurring alongside a substantial revenue decline. This suggests potential improvements in operational efficiency or cost management strategies implemented by the company. As the fiscal year progresses, it will be interesting to see how Bambino Agro Industries adapts its strategies to address the revenue challenges while maintaining its profit growth trajectory.
Historical Stock Returns for Bambino Agro Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.74% | -10.41% | -2.83% | -23.75% | -38.89% | +31.75% |
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