Bright Brothers Limited Reports Strong Q1 Results with 16% Revenue Growth
Bright Brothers Limited, a manufacturer of plastic moulded parts, announced robust Q1 financial results. Consolidated revenue increased by 16% to Rs 10,107.07 lakhs, while profit rose 28% to Rs 317.02 lakhs compared to the same quarter last year. The company's consolidated EPS stood at 5.58. The Board of Directors approved these unaudited results on August 12, following a review by the Audit Committee and statutory auditors.
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Bright Brothers Limited , a leading manufacturer of plastic moulded parts, has announced its unaudited financial results for the first quarter. The company has demonstrated robust performance with significant growth in both revenue and profitability.
Financial Highlights
Standalone Performance
| Metric | Value (Rs in lakhs) |
|---|---|
| Revenue from operations | 9,280.98 |
| Profit for the period | 291.58 |
| Basic and Diluted EPS | 5.13 |
Consolidated Performance
| Metric | Value (Rs in lakhs) |
|---|---|
| Revenue from operations | 10,107.07 |
| Profit for the period | 317.02 |
| Basic and Diluted EPS | 5.58 |
Revenue Growth and Profitability
Bright Brothers Limited has shown impressive growth in its consolidated revenue, which stood at Rs 10,107.07 lakhs for the quarter. This represents a substantial increase of approximately 16% compared to Rs 8,716.67 lakhs in the same quarter of the previous year.
The company's profitability has also seen a notable improvement. The consolidated profit for the period reached Rs 317.02 lakhs, marking a significant rise of about 28% from Rs 247.19 lakhs in the corresponding quarter of the previous fiscal year.
Operational Performance
Bright Brothers Limited continues to operate in a single business segment: manufacturing of plastic moulded parts. The company's focus on this core competency has contributed to its strong financial performance.
Board Approval and Audit Review
The unaudited financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors at their meeting held on August 12. The statutory auditors have carried out a limited review of the results for the quarter, as required under SEBI regulations.
Management Commentary
Suresh Bhojwani, Chairman and Managing Director of Bright Brothers Limited, stated, "We are pleased with our performance in the first quarter. The significant growth in both revenue and profitability reflects the strength of our business model and the increasing demand for our products. We remain committed to delivering value to our shareholders and maintaining our position as a leading player in the plastic moulded parts industry."
Looking Ahead
While the company has not provided specific guidance for the future, the strong start to the fiscal year positions Bright Brothers Limited well for continued growth. Investors and analysts will be watching closely to see if the company can maintain this momentum in the coming quarters.
Bright Brothers Limited's shares are listed on the BSE with the scrip code 526731. Investors are advised to consider the company's future announcements and market conditions when making investment decisions.
Historical Stock Returns for Bright Brothers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.07% | -1.37% | -5.09% | +12.40% | +9.25% | +457.11% |
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