Goenka Business & Finance Reports Negative Performance in Q1 FY25
Goenka Business & Finance, a microcap finance company, 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, Goenka Business has seen a negative performance in the quarter, with a score of -9 compared to 7 in the previous quarter. This decline can be attributed to various factors, including a significant decrease in net sales and profit after tax.
The company’s net sales for the quarter were at Rs 12.24 crore, a decrease of 43% compared to the average net sales of the previous four quarters. This trend is expected to continue in the near term. Similarly, the profit after tax for the quarter was at Rs -0.57 crore, a decrease of 200.9% compared to the average of the previous four quarters.
In addition, Goenka Business has also seen a decline in its net sales and profit before tax less other income (PBT) in the last five quarters. The PBT for the quarter was at its lowest at Rs -0.78 crore. The company’s earnings per share (EPS) also saw a decline, reaching its lowest at Rs -0.44 in the last five quarters.
Overall, the company’s financial performance for the quarter has been negative, with declining profitability and lower earnings for shareholders. Investors are advised to take note of these factors before making any investment decisions.
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