Goodricke Group Reports Strong Financial Performance in Q2 2024-25

Nov 14 2024 06:52 PM IST
share
Share Via
Goodricke Group, a microcap company in the tea/coffee industry, has reported a strong financial performance in the second quarter of fiscal year 2024-25. The company's Profit Before Tax and Profit After Tax have increased significantly, while net sales have also shown a positive trend. However, there are areas for improvement, and MarketsMojo has given a 'Hold' call for the company's stock.

Goodricke Group, a microcap company in the tea/coffee industry, has recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financials, Goodricke Group has shown a very positive performance in the second quarter of the fiscal year 2024-25. The company's score has improved from -1 to 21 in the last three months.

Some key highlights from the financial report include a significant growth in Profit Before Tax (PBT) and Profit After Tax (PAT) by 462.8% and 538.0% respectively, compared to the average of the previous four quarters. The company's net sales have also shown a positive trend, growing by 47.7% in the quarter.

Goodricke Group has also shown a strong ability to manage interest payments, with the Operating Profit to Interest ratio being the highest in the last five quarters. The company's efficiency has also improved, as seen in the highest Operating Profit Margin of 20.76% in the last five quarters.

However, there are some areas that need improvement, such as the decreasing trend in Operating Cash Flow over the last three years and the company's lower dividend payout ratio and dividend per share compared to previous years.

Overall, Goodricke Group has shown a positive financial performance in the recent quarter, with increasing profitability and higher earnings per share for shareholders. Investors are advised to hold their stock in the company, as suggested by MarketsMOJO.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News