Bilcare Limited Reports Narrowed Losses in Q1 Amid Challenging Market Conditions
Bilcare Limited's Q1 FY2024 results show a mixed performance. Consolidated total income decreased by 2.75% to ₹192.44 crores, but net loss reduced to ₹9.76 crores from ₹15.02 crores year-over-year. Standalone performance improved with profit after tax more than doubling to ₹3.59 crores. Consolidated EPS improved to ₹(1.59) from ₹(2.71) in the previous year.

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Bilcare Limited , a leading provider of pharmaceutical packaging solutions, has released its unaudited financial results for the first quarter, ending June 30. The company's performance shows signs of improvement in a challenging market environment.
Consolidated Performance
On a consolidated basis, Bilcare Limited reported:
- Total income from operations of ₹192.44 crores, down 2.75% from ₹197.88 crores in the same quarter last year.
- A net loss after tax of ₹9.76 crores, significantly reduced from the ₹15.02 crores loss in Q1 of the previous year.
- Earnings per share improved to ₹(1.59) compared to ₹(2.71) in the corresponding quarter of the previous year.
Standalone Performance
The company's standalone performance showed more positive results:
- Total income from operations stood at ₹8.79 crores, a slight increase from ₹8.71 crores in Q1 of the previous year.
- Profit after tax more than doubled to ₹3.59 crores, up from ₹1.40 crores in the same period last year.
Financial Highlights
Particulars (Consolidated) | Q1 (₹ Crores) | Q1 Previous Year (₹ Crores) | Change (%) |
---|---|---|---|
Total Income | 192.44 | 197.88 | -2.75% |
Net Loss After Tax | (9.76) | (15.02) | +35.02% |
EPS (₹) | (1.59) | (2.71) | +41.33% |
Market Position
Bilcare Limited continues to navigate a challenging market environment. The slight decrease in consolidated revenue might reflect ongoing pressures in the pharmaceutical packaging industry or specific challenges faced by the company's international operations.
Looking Ahead
As Bilcare Limited moves forward, investors and stakeholders will be watching closely to see if the company can build on this quarter's improvements. The focus will likely be on whether the company can return to profitability on a consolidated basis and sustain the positive momentum seen in its standalone operations.
The equity share capital of the company remained unchanged at ₹23.55 crores, indicating no new share issuances during the quarter.
Bilcare Limited's financial results were approved by the Board of Directors and published in compliance with SEBI regulations. The detailed financial results are available on the BSE website and the company's official website for further scrutiny by interested parties.
Historical Stock Returns for Bilcare
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-0.74% | -1.21% | -9.71% | +14.98% | +14.96% | +33.27% |