GACM Technologies Reports Mixed Financial Results, Receives 'Strong Sell' Rating from MarketsMOJO

May 23 2024 09:10 PM IST
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GACM Technologies, a microcap finance company, reported flat performance for the quarter ending March 2024 with a score of 0 compared to 1 in the previous quarter. However, the company's Profit Before Tax and Profit After Tax were the highest in the last five quarters, showing a positive trend. Net Sales for the nine-month period has declined, leading to a 'Strong Sell' call by MarketsMojo.

GACM Technologies, a microcap finance company, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Strong Sell' call by MarketsMOJO.

According to the financial report, GACM Tech's performance for the quarter has been flat, with a score of 0 compared to 1 in the previous quarter. However, there are some positive aspects to the company's financials. The Profit Before Tax less Other Income (PBT) for the quarter was the highest in the last five quarters at Rs 0.31 crore, and the near term trend for PBT is positive. Similarly, the Profit After Tax (PAT) for the quarter was also the highest in the last five quarters at Rs 0.33 crore, with a positive near term trend.

On the other hand, the Net Sales for the nine-month period has shown a decline of -39.46% Year on Year (YoY) at Rs 5.60 crore. The near term trend for sales is also negative.

Despite the mixed financial performance, GACM Technologies remains a microcap company in the finance/NBFC industry. The company's stock has been given a 'Strong Sell' call by MarketsMOJO, indicating potential concerns for investors. However, it is important to note that this is not a recommendation and the decision to invest should be based on individual research and analysis.
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