G S Auto Intl. Reports Strong Financial Performance in Q1 2024
G S Auto International, a microcap company in the auto ancillary industry, has reported positive financial results for the quarter ending March 2024. The company's operating profit to interest ratio has improved to 2.11 times, indicating effective debt management. Net sales have also reached a high of Rs 39.11 crore, with a higher profit after tax and earnings per share.
G S Auto International, a microcap company in the auto ancillary industry, has recently announced its financial results for the quarter ending March 2024. The company has shown positive performance in this quarter, with its score improving from 11 to 8 in the last three months.One of the key highlights of the financial report is the company's strong ability to manage interest payments, with an operating profit to interest ratio of 2.11 times, the highest in the last five quarters. This indicates that G S Auto Intl. is effectively managing its debt and is in a stable financial position.
Another positive aspect is the company's net sales, which have reached a high of Rs 39.11 crore in the last five quarters. This shows a positive trend in the company's sales and indicates potential growth in the near future.
G S Auto Intl. has also reported a higher profit after tax (PAT) of Rs 0.29 crore in this quarter, the highest in the last five quarters. This reflects the company's improving profitability and its ability to generate higher earnings for its shareholders.
With an earnings per share (EPS) of Rs 0.20, the company has shown an increase in profitability and has created higher earnings for its shareholders. Overall, G S Auto Intl. has shown a positive financial performance in the quarter ending March 2024, making it a company to watch out for in the auto ancillary industry.
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