Goyal Associates Reports Strong Financial Results, Signaling Positive Shift in Evaluation

Feb 15 2025 10:22 AM IST
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Goyal Associates has announced its financial results for the quarter ending December 2024, showcasing a significant improvement in profitability. The company achieved its highest operating profit and profit before tax in five quarters, with earnings per share also reaching a peak, indicating a positive financial trajectory.
Goyal Associates, a microcap player in the finance/NBFC sector, has recently reported its financial results for the quarter ending December 2024. The results, declared on February 14, 2025, indicate a notable shift in the company's evaluation, with the score moving to 4 from -6 over the past three months.

The financial data reveals that Goyal Associates achieved its highest operating profit in the last five quarters, reaching Rs 0.36 crore. This positive trend is mirrored in the profit before tax, which also hit a five-quarter high at Rs 0.31 crore. Similarly, the profit after tax matched this figure, indicating a consistent performance across key profitability metrics. Additionally, earnings per share (EPS) reached Rs 0.07, marking the highest level in the same timeframe, suggesting an enhancement in profitability for shareholders.

These developments reflect a significant adjustment in evaluation for Goyal Associates, highlighting a period of positive financial activity.

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