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BF UTILITIES Gains 19%; BSE POWER Index Up 0.9%
Mon, 23 Sep 15:14

BF UTILITIES Gains 19%; BSE POWER Index Up 0.9%Image source: Chunumunu/www.istockphoto.com

BF UTILITIES share price has zoomed 19% and is presently trading at Rs 903.1.

Meanwhile, the BSE POWER index is at 8,571.9 (up 0.9%).

Among the top gainers in the BSE POWER index today are INDIAN ENERGY EXCHANGE (up 3.2%) and BHEL (up 3.0%).

Thermax (down 2.5%) and TORRENT POWER (down 2.1%) are among the top losers today.

Over the last one year, BF UTILITIES has moved up from Rs 674.7 to Rs 903.1, registering a gain of Rs 228.4 (up 33.9%).

On the other hand, the BSE POWER index has moved up from 4,680.8 to 8,571.9, registering a gain of 83.1% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were TORRENT POWER (up 159.1%), BHEL (up 121.8%) and ADANI GREEN ENERGY (up 100.6%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 84,955.6 (up 0.5%).

The top gainers among the BSE Sensex today are M&M (up 3.3%) and SBI (up 2.6%). The most traded stocks in the BSE Sensex are Tata Steel and ICICI Bank.

In the meantime, NSE Nifty is at 25,951.1 (up 0.6%). M&M and Bajaj Auto are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,800.8 to 84,955.6, registering a gain of 18,154.8 points (up 27.2%).

BF UTILITIES Financial Update...

BF UTILITIES net profit fell 71.1% YoY to Rs 175 million for the quarter ended June 2024, compared to a profit of Rs 606 million a year ago. Net sales declined 97.9% to Rs 55 million during the period as against Rs 2,632 million in April-June 2023.

For the year ended March 2023, BF UTILITIES reported 175.6% increase in net profit to Rs 2,567 million compared to net profit of Rs 931 million during FY22. Revenue of the company grew 47.9% to Rs 7,591 million during FY23.

The current Price to earnings ratio of BF UTILITIES, based on rolling 12 month earnings, stands at 17.9.

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