Bhandari Hosiery Exports Limited — Important, 11-12-2024: Updates

Bhandari Hosiery Exports Limited reported its financial results for the quarter and half-year ending on September 30, 2024. Revenue from operations reached ₹68.26 crore, showing a quarter-on-quarter increase from ₹58.06 crore, while total revenue for the half-year stood at ₹126.32 crore, up from ₹117.63 crore year-on-year. The company’s cost of materials consumed decreased to ₹43.86 crore from ₹50.43 crore sequentially, contributing to a profit before tax of ₹2.32 crore for the quarter, compared to ₹1.91 crore in the previous quarter.

Significant assets as of September 30, 2024, include total current assets of ₹191.79 crore, driven by inventories of ₹80.26 crore and trade receivables of ₹80.91 crore. Total liabilities are recorded at ₹11.44 crore, which includes a significant portion in current liabilities. The net profit available for equity shareholders for the half-year is reported at ₹3.10 crore, reflecting a consistent performance amidst market fluctuations. Investors should watch closely as the company navigates operational cost management while capitalizing on revenue growth opportunities in the textile sector.