Gayatri Highways Reports Mixed Performance in Q1 2024 Financial Results
Gayatri Highways, a microcap company in the capital goods industry, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.
According to the financial report, Gayatri Highways has shown a flat performance in the quarter, with a score of 0 compared to -9 in the previous three months. However, there are some positive aspects to the company's financials.
The Profit After Tax (PAT) for the quarter has seen a significant growth of 213.6% at Rs 7.06 crore, compared to the average PAT of the previous four quarters at Rs -6.21 crore. This shows a positive trend in the near term for the company's profitability. Additionally, the PAT for the quarter is the highest in the last five quarters, indicating a positive trend in the near future.
On the other hand, there are some areas of concern for Gayatri Highways. The Profit Before Tax less Other Income (PBT) for the quarter has fallen by -21.2% at Rs 54.52 crore, compared to the average PBT of the previous four quarters at Rs 69.15 crore. This shows a negative trend in the near term for the company's PBT. The Operating Profit (PBDIT) for the quarter is also the lowest in the last five quarters at Rs -6.03 crore, indicating a negative trend in the near term.
Furthermore, the company's Earnings per Share (EPS) for the quarter is the lowest in the last five quarters at Rs -7.02. This shows a decline in profitability and lower earnings for shareholders. The Non Operating Income for the quarter is the highest in the last five quarters at Rs 18.54 crore, but this increase may not be sustainable as it comes from non-business activities.
Overall, Gayatri Highways has shown a mixed performance in the quarter ending March 2024. Investors should carefully consider these financials before making any investment decisions.
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