GE Power India Shows Positive Performance with 106% Increase in Profit After Tax

GE Power India, a smallcap company in the capital goods industry, has recently announced its financial results for the quarter ending June 2024. The company has shown positive performance with a score of 10, an improvement from 6 in the last 3 months.

One of the key highlights of the financials is the significant growth in Profit After Tax (PAT) for the half-yearly period, which has increased by 106.18% year on year. This trend is a positive sign for the company. Additionally, the company has also shown a strong operating cash flow, with the highest amount of Rs 173.03 crore in the last three years.

On the downside, the company's cash and cash equivalents have decreased to the lowest amount of Rs 151.39 crore in the last six half-yearly periods, indicating a deteriorating short-term liquidity. Another concern is the company's dividend payout ratio, which has been consistently low at 0.00% in the last five years. This suggests that the company is distributing a lower proportion of its profits as dividends.

MarketsMOJO has given a 'Sell' call for GE Power's stock based on these financial results. However, it is important to note that this is not a recommendation from experts or investors, but rather a fact-based analysis of the company's performance. Investors should conduct their own research and analysis before making any investment decisions.