Goyal Associates Reports Positive Trends in Q1 Financial Results

Goyal Associates, a microcap finance company, has recently announced its financial results for the quarter ended 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 trends that can be seen in Goyal Associates' financials. The company's operating profit (PBDIT) for the quarter was the highest in the last five quarters, at Rs 0.31 crore. This indicates a positive trend in the near term for the company's operating profit.

Similarly, the profit before tax (PBT) less other income for the quarter was also the highest in the last five quarters, at Rs 0.23 crore. This shows a positive trend in the near term for the company's PBT.

Goyal Associates also reported its highest profit after tax (PAT) in the last five quarters, at Rs 0.24 crore. This indicates a positive trend in the near term for the company's profitability.

Furthermore, the company's earnings per share (EPS) for the quarter was the highest in the last five quarters, at Rs 0.05. This shows an increasing profitability for the company, creating 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. This news article is purely informative and based on facts, without any mention of future potential or external opinions.