Speciality Retail Stock Declares Q3FY24 Results: Do You Own?

In the specialty retail industry, Bhatia Communications & Retail (India) is a small-cap business. India is home to Bhatia Communications & Retail (India) Limited. The firm is in the retail and wholesale distribution of electronic products. The financial figures for the quarter ending December 31, 2023, have been released by the firm.

In comparison to Q3FY23 Rs 2.46 crore, Bhatia Communications & Retail (India) achieved a 1.22% rise in its net profit, reaching Rs 2.49 crore in the quarter that ended in December 2023. In the quarter that ended in December 2023, sales jumped by 20.35% to Rs 116.79 crore, compared to Rs 97.04 crore in Q3FY23. The firm said that compared to Rs 100.45 crore in Q2FY24 and Rs 97.02 crore in Q3FY23, its income from operations in the third quarter of the current financial year amounted to Rs 116.78 crore.

Profit before taxes for the firm was Rs 3.32 crore, the same as it was in the second quarter of the current fiscal and Rs 3.29 crore in the third quarter of the previous fiscal year.

On Tuesday, Bhatia Communication & Retail (India) recorded a market cap of Rs 274 Cr. On the BSE, Bhatia Communications & Retail (India) shares were trading 1.48% higher at Rs 21.89 apiece while writing this copy. The scrip reached a 52-week-high of Rs 25.92 on (27/09/2023) and a 52-week-low of Rs 13.10 on (24/07/2023), indicating that at the current market price, the stock is trading 67.09% higher from its 1-year low and 15.54% below its 1 year high.

During Q3FY24, the company recorded promoters shareholding of 73.66% and public stake of 26.35%. Zero promoter pledges stock Bhatia Communications & Retail (India) is currently trading at a PE ratio of 23, lower than its sector PE ratio of 111.32.