Speciality Retail Stock Posts 52% Jump In Q2 PAT, Revenue Soars By 28% YoY

In the consumer discretionary industry, Bhatia Communications & Retail (India) Ltd is a small-cap company. The company deals in the retail and wholesale distribution of electronic equipment, including air conditioners, washing machines, tablets, data cards, mobile accessories, and mobile phones. The firm has a chain of 81 retail locations throughout the South Gujarat area, including places like Surat, Vapi, Valsad, Navsari, and Vyara. In the South Gujarat region, it also offers the same services through our 17 franchise retail chain dealers.

The company has declared financial results for the quarter ended 30th September 2023. In the September 2023 quarter, the company's net sales were Rs 94.36 crore, up 28.29% from Rs 73.55 crore in the same quarter the previous year. According to the firm, its net profit jumped by 51.93% from Rs. 1.63 crore in Q2FY23 to Rs. 2.47 crore in Q2FY24.

EBITDA jumped by 29.04% from Rs. 3.03 crore in the year-ago quarter to Rs. 3.91 crore in the quarter under review. From Rs. 0.13 in the quarter ended September 2022 to Rs. 0.20 in Q2FY24, Bhatia Communic EPS has grown.

On Wednesday, the shares of Bhatia Communication & Retail (India) were trading 0.25% higher at Rs 20.25 apiece on BSE. The scrip made a 52-week-high of Rs 43.35 on (02/01/2023) and a 52-week-low of Rs 13.10 on (24/07/2023). During Q2FY24, the company's promoters' shareholding was 73.66% and public stake was 26.35%. In the September 2023 quarter, promoters' shareholding climbed from 73.65% in Q1FY24 to 73.66%. One of the firms with a lower debt-to-equity ratio is Bhatia Communications & Retail (India), whose price-to-earnings ratio is 22.57 less than the sector average of 100.