Gorani Industrie's Q1 FY25 Results Show Positive Growth, But MarketsMOJO Issues 'Sell' Call

MarketsMOJO, a leading financial analysis platform, has recently declared a ‘Sell’ call for Gorani Industrie’s stock. This comes after the company’s financial results for the quarter ending March 2024 were declared on August 13, 2024.

Despite the stock call, Gorani Industrie has shown positive financial performance in the quarter, with a score of 8 out of 10, an improvement from 3 in the last 3 months. This is based on the company’s Half Yearly Profit After Tax (PAT) which has grown by 519.23% year on year, and Net Sales which have grown by 38.49% year on year. The company has also seen a significant increase in PAT compared to the previous 12 months.

However, there are some areas that need improvement, as highlighted by the financial results. The company’s Cash and Cash Equivalents have reached a low of Rs 0.04 cr in the last six half yearly periods, indicating a deteriorating short term liquidity. On the other hand, the company’s Profit Before Tax less Other Income (PBT) for the quarter is the highest in the last five quarters, showing a positive trend in the near term.

Overall, Gorani Industrie’s financial results for the quarter ending March 2024 have shown a positive performance, with some areas that need attention. Investors are advised to carefully consider these factors before making any investment decisions.