Bronze Infra-Tech Sees Sharp Revenue Reversal in Q1 FY23
The infrastructure developer's revenue fell sharply from the previous quarter, though its net profit margin turned positive.
Bronze Infra-Tech reported a significant sequential drop in revenue and profit for Q1 FY23. The company's net profit margin, however, improved to 8% from a negative figure.
Bronze Infra-Tech Ltd. reported a sharp reversal in its quarterly performance for the period ended June 2022. Revenue and profit both declined significantly from the previous quarter, though a key profitability metric showed a notable improvement.
The company's revenue fell by over 106% sequentially to ₹-0.88 crore, down from ₹14.24 crore in the March 2022 quarter. Profit after tax also dropped by 61.1% quarter-on-quarter to ₹-0.07 crore. Despite the negative figures, the net profit margin turned positive at 8.0%, a recovery from the -1.3% margin reported in Q4 FY22.
Revenue (₹ Cr)
Profit (₹ Cr)
Net Profit Margin
| Metric | CurrentQ1 FY23 | PreviousQ4 FY22 |
|---|---|---|
| Period | Quarter ended June 2022 | Quarter ended March 2022 |
| Revenue (₹ Cr) | -0.88 | 14.24 |
| Profit (₹ Cr) | -0.07 | -0.18 |
| Net Profit Margin | 8.0% | -1.3% |
Key Points
- The company maintains a moderate debt-to-equity ratio of 0.59.
- Its return on equity (ROE) stands at 3.24%.
- The stock trades at a significant discount to its industry, with a P/E of 3.2 compared to the sector average of 36.8.
The focus for the infrastructure developer will be on returning its top line to positive territory in the coming quarters while preserving the improved margin structure.
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· BRONZE INFRA-TECH
(BSE)
ISIN: INE830N01015
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