Garg Furnace Reports Strong Financial Results, Indicating Improved Operational Efficiency in December 2024

Feb 17 2025 11:05 AM IST
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Garg Furnace has announced its financial results for the quarter ending December 2024, showcasing significant improvements. The company achieved its highest operating profit and profit before tax in five quarters, alongside a notable increase in profit after tax, indicating enhanced operational efficiency and overall financial performance.
Garg Furnace, a microcap player in the Steel/Sponge Iron/Pig Iron industry, has recently reported its financial results for the quarter ending December 2024. The results, declared on February 14, 2025, indicate a notable shift in the company's financial standing, as reflected in the adjustments to its evaluation.

The operating profit for the quarter reached Rs 2.20 crore, marking the highest level in the last five quarters. This positive trend is further supported by an operating profit margin of 3.49%, also the best performance in the same timeframe, suggesting enhanced operational efficiency.

Additionally, Garg Furnace reported a profit before tax (PBT) of Rs 1.75 crore, which is the highest recorded in the past five quarters. This figure represents a growth of 31.1% compared to the average PBT of Rs 1.34 crore from the previous four quarters. The profit after tax (PAT) also showed a positive trajectory, reaching Rs 2.05 crore, reflecting a growth of 20.1% over the average PAT of Rs 1.71 crore from the prior four quarters.

These developments have led to a revision in Garg Furnace's score, highlighting the company's recent financial advancements.

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