Gothi Plascon Reports Highest Operating Profit in Five Quarters Amid Debt Management Challenges

Jan 24 2025 03:32 PM IST
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Gothi Plascon (India) announced its third-quarter financial results for FY24-25, highlighting its highest operating profit in five quarters at Rs 0.79 crore. Profit before tax and profit after tax both reached Rs 0.69 crore, while earnings per share increased to Rs 0.68. However, the company reported a decline in its debtors turnover ratio.
Gothi Plascon (India), a microcap company in the plastic products industry, has released its financial results for the third quarter of FY24-25, with the announcement made on January 24, 2025. The company reported its highest operating profit in the last five quarters, achieving Rs 0.79 crore. Additionally, both profit before tax (PBT) and profit after tax (PAT) reached Rs 0.69 crore, marking a notable performance in these areas. Earnings per share (EPS) also saw an uptick, reaching Rs 0.68, which reflects a positive development for shareholders.

On the other hand, the company faced challenges, particularly with its debtors turnover ratio, which has fallen to 0.00 times. This figure represents the lowest performance in the last five half-yearly periods, indicating potential difficulties in managing debtor accounts.

In summary, while Gothi Plascon has demonstrated some positive trends in profitability, it is also contending with challenges related to its debtor management. The stock has undergone an adjustment in its evaluation, reflecting these mixed results.

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