Bangalore Fort Farms announces Q1 results: Profit Rises by 800% YoY

The comprehensive analytics outlining the performance and outlook of Bangalore Fort Farms Limited‘s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Today, we’re looking at Bangalore Fort Farms Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 134.12 %. However, it did see a marginal slip of -40.26 % from the previous quarter. Expenses decreased slightly by -40.38 % quarter-on-quarter, aligning with the annual rise of 133.7 %. Operating profit, while up 162.5 % compared to last year, faced a quarter-on-quarter dip of -34.38 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 0.21 %, but an expansion of 0.17 % sequentially. Other income rose by 171.43 % compared to the last quarter, despite an annual growth of 42.5 %. Interest expenses dropped significantly by -45.83 % from the previous quarter, yet the year-over-year increase remains at a moderate 18.18 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 100 %. Profit before tax grew annually by 1000 % but saw an increase from the preceding quarter by 175 %.
Tax expenses as a percentage of profits decreased slightly by -15.68 % compared to last year, with a more notable quarter-on-quarter decrease of -17.68 %. Net profit rose by 800 % year-on-year but experienced a 200 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 1700 % but a quarterly rise of 200 %. In summary, Bangalore Fort Farms Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Bangalore Fort Farms Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 134.12 % year-on-year growth, although there was a slight dip of -40.26 % from the previous quarter. Expenses rose by 133.7 % compared to the previous year, with a decrease of -40.38 % quarter-on-quarter. Operating Profit surged by 162.5 % annually, and saw a -34.38 % decrease from the last quarter.
Net Profit showed yearly increase of 800 %, and experienced a 200 % increase from the previous quarter. Earnings Per Share (EPS) rose by 1700 % annually, however rose by 200 % compared to the last quarter. In essence, while Bangalore Fort Farms Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.