Bombay Cycle & Motor Agency Reports Robust Q1 Results with 26% Surge in Net Profit
Bombay Cycle & Motor Agency Ltd. (BCMA) announced robust Q1 financial results. Consolidated net profit increased by 70% to ₹161.54 crore. Standalone revenue grew 2.7% to ₹251.19 crore, with net profit up 26.2% to ₹138.97 crore. The Automobile Division generated ₹105.02 crore, while the Hospitality Division contributed ₹147.52 crore. Consolidated EPS rose to ₹40.38 from ₹23.76. The company maintains a strong financial position with total segment assets of ₹3,501.86 crore and a net worth of ₹2,832.00 crore.
*this image is generated using AI for illustrative purposes only.
Bombay Cycle & Motor Agency Ltd. (BCMA) has announced strong financial results for the first quarter, showcasing significant growth in both revenue and profitability.
Standalone Performance
On a standalone basis, BCMA reported a revenue from operations of ₹251.19 crore, marking a 2.7% increase from ₹244.62 crore in the corresponding quarter of the previous year. The company's net profit saw a substantial rise of 26.2%, reaching ₹138.97 crore compared to ₹110.11 crore in the same period last year.
Consolidated Results
The consolidated financial results paint an even more impressive picture. BCMA's consolidated net profit soared by 70% to ₹161.54 crore, up from ₹95.03 crore in the same quarter last year. This remarkable growth reflects the company's strong performance across its business segments.
Segment-wise Performance
BCMA operates through two primary segments:
- Automobile Division: Generated revenue of ₹105.02 crore
- Hospitality Division: Contributed ₹147.52 crore to the total revenue
Both segments showed resilience and growth, contributing to the overall positive performance of the company.
Key Financial Metrics
Earnings Per Share (EPS):
- Standalone: Increased to ₹34.74 from ₹27.53
- Consolidated: Rose significantly to ₹40.38 from ₹23.76
Total Income: The company's total income on a standalone basis stood at ₹385.78 crore, boosted by other income of ₹134.59 crore.
Expenses: Total expenses were well-managed at ₹211.81 crore on a standalone basis.
Management Commentary
Chirag C. Doshi, Chairman & Managing Director of Bombay Cycle & Motor Agency Ltd., expressed satisfaction with the company's performance. The results were approved by the Board of Directors in a meeting held on August 6, and have been reviewed by statutory auditors N.G. Thakrar & Co.
Financial Position
BCMA maintains a strong financial position:
| Metric | Amount (in crore) |
|---|---|
| Total Segment Assets | 3,501.86 |
| Total Segment Liabilities | 669.86 |
| Net Worth | 2,832.00 |
The company's robust balance sheet and improved profitability underscore its financial stability and growth potential.
Conclusion
Bombay Cycle & Motor Agency Ltd.'s impressive quarterly results demonstrate the company's ability to drive growth and profitability across its diverse business segments. With a significant increase in net profit and strong performance in both the Automobile and Hospitality divisions, BCMA appears well-positioned for continued success in the coming quarters.
Historical Stock Returns for Bombay Cycle & Motor Agency
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.95% | -1.00% | -1.00% | +23.72% | +5.88% | +182.86% |
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