Garg Furnace's Q2 FY25 financial report shows flat performance, but PAT sees significant growth

Nov 18 2024 10:17 AM IST
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Garg Furnace, a microcap company in the steel/sponge iron/pig iron industry, reported a flat performance for the quarter ending September 2024 with a score of 2 out of 3. However, the company's Profit After Tax showed a significant growth of 125.49% compared to the previous year. The company's Operating Cash Flow has declined, indicating a decrease in cash revenues from business operations. Investors should carefully consider the current financial performance before making any investment decisions.

Garg Furnace, a microcap company in the steel/sponge iron/pig iron industry, recently announced its financial results for the quarter ending September 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.

According to the financial report, Garg Furnace’s performance for the quarter was flat, with a score of 2 out of 3. However, there are some positive aspects to the company’s financials. The Profit After Tax (PAT) for the half-yearly period has shown a significant growth of 125.49% compared to the previous year. This is a positive trend for the company.


On the other hand, there are some areas of concern for Garg Furnace. The company’s Operating Cash Flow for the year is at its lowest in the last three years, at Rs -13.41 crore. This indicates a decline in the company’s cash revenues from business operations.


Despite these mixed results, Garg Furnace remains a player in the steel/sponge iron/pig iron industry and has potential for growth. However, investors should carefully consider the current financial performance before making any investment decisions.


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