Ganges Securities Reports Negative Performance in Q1 FY25 Financial Results
Ganges Securities, a microcap finance and non-banking financial company (NBFC), recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.
According to the financial report, Ganges Securities has seen a negative performance in the quarter, with a score of -14 compared to 0 in the previous quarter. This indicates a decline in the company’s financial health.
The profit before tax (PBT) less other income for the quarter was at Rs -4.60 crore, showing a decrease of 31.43% year on year (YoY). The profit after tax (PAT) for the quarter was at Rs -4.01 crore, a decline of 46.4% YoY. The operating profit (PBDIT) for the quarter was at its lowest in the last five quarters, at Rs -4.39 crore. This indicates a negative trend in the company’s near-term operating profit.
The operating profit margin for the quarter was also at its lowest in the last five quarters, at 0.00%. This shows a deterioration in the company’s efficiency. The PBT less other income was also at its lowest in the last five quarters, at Rs -4.60 crore, indicating a negative trend in the company’s near-term PBT.
The earnings per share (EPS) for the quarter was at its lowest in the last five quarters, at Rs -4.01. This shows a decline in profitability and lower earnings for shareholders.
Based on these financial results, it is evident that Ganges Securities has not performed well in the quarter ending June 2024. Investors are advised to carefully consider these factors before making any investment decisions.
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