Goyal Associates Reports Positive Financial Results for Q1, Highest Profits in 5 Quarters

Goyal Associates, a microcap finance company, has recently announced its financial results for the quarter ending March 2024. The company has reported a flat performance for the quarter, with a score of 4 out of 10, which is an improvement from the previous quarter's score of 1.

Despite the flat performance, there are some positive aspects to note from the financials. Goyal Associates has recorded its highest operating profit (PBDIT) in the last five quarters, at Rs 0.31 crore. The near-term trend for operating profit is also positive. Similarly, the company's profit before tax (PBT) less other income has also seen an improvement, with the highest recorded at Rs 0.23 crore in the last five quarters. The near-term trend for PBT is also positive. Additionally, Goyal Associates has reported its highest profit after tax (PAT) in the last five quarters, at Rs 0.24 crore. The near-term trend for PAT is also positive.

Moreover, the company's earnings per share (EPS) have also shown an upward trend, with the highest recorded at Rs 0.05 in the last five quarters. This indicates that Goyal Associates has been able to increase its profitability and create higher earnings for its shareholders.

Based on these financial results, MarketsMOJO has given a 'Sell' call for Goyal Associates' stock. However, it is important to note that this is not a recommendation and should not be considered as such. The information provided is purely fact-based and aims to inform readers about the company's financial performance.