BF Utilities Ltd: Buy

BF Utilities Ltd posts profit of Rs.2.61 crore for the period ended June 30, 2013.

BF Utilities Ltd has announced the Financial Results for the period ended June 30, 2013.

The company has reported Net Sales / Income from Operations of Rs.7.62 crores for the quarter ended June 30, 2013 against Rs.6.77 crores for the quarter ended June 30, 2012.

The Net Profit / (Loss) was at Rs.2.61 crores for the quarter ended June 30, 2013 against Rs.2.01 crores
for the quarter ended June 30, 2012.

The company has reported an EPS of Rs.0.69 for the quarter ended June 30, 2013 as compared to Rs.0.53 for the quarter ended June 30, 2012.

Sequentially speaking the results of the company were superb for the quarter ended June 30, 2013. In March, 2013, quarter the company came out with net sales of Rs.3.71 Cr and net LOSS of Rs.1.48 Cr. CLICK HERE. 

Buy the scrip at Rs.129-130, for a target of Rs.145-147. Keep a tight stop loss of Rs.117. The change in stance of the RBI policy, will help such companies. Also, new government in Karnataka, could be positive for the company.
Note: The Scrip was recommended yesterday, to the Paid Group members and this is yesterdays' report. It has already moved to Rs.135.90 and could cross Rs.200, within the next few days.