Garnet International Reports Mixed Financial Results Amidst Significant Sales Decline in December 2024
Garnet International has released its financial results for the quarter ending December 2024, showing an increase in Profit After Tax for the nine-month period. However, the company faces challenges with a significant decline in net sales and a low Profit Before Tax, reflecting a mixed financial landscape.
Garnet International, a microcap company in the finance/NBFC sector, has recently reported its financial results for the quarter ending December 2024. The results, declared on February 14, 2025, indicate a notable adjustment in evaluation, with the score shifting to -4 from 11 over the past three months.The financial data reveals some positive aspects for Garnet International. The Profit After Tax (PAT) for the nine-month period has shown an increase, reaching Rs 1.14 crore, compared to Rs 0.57 crore in the preceding twelve months. Additionally, the company has surpassed its previous year's sales figures within this nine-month timeframe.
Conversely, there are significant challenges reflected in the financials. The net sales for the nine-month period stand at Rs 6.96 crore, which represents a substantial decline of 88.89% year on year. Furthermore, the Profit Before Tax (PBT), excluding other income, has reached its lowest point in the last five quarters at Rs -0.19 crore, indicating a negative trend in the near term.
Overall, Garnet International's recent financial results highlight a complex landscape of both achievements and hurdles.
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