Grov India Reports Strong Financial Results for Q4 2024, Indicating Positive Growth Trends
Grov India has announced its financial results for the quarter ending December 2024, revealing significant improvements. The company reported a profit before tax of Rs 2.36 crore and net sales of Rs 20.76 crore for the half-year, reflecting strong growth. Operating profit and profit after tax also reached new highs.
Grov India, 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 7, 2025, indicate a significant shift in the company's financial landscape. The evaluation changes reflect a notable improvement in the company's score, moving from a previous assessment to a new level.The financial data reveals that Grovy India achieved a profit before tax less other income (PBT) of Rs 2.36 crore, marking a substantial growth compared to the average PBT of the last four quarters. Additionally, net sales for the half-year reached Rs 20.76 crore, showcasing a year-on-year growth of nearly 80%. This figure also surpasses the sales recorded in the preceding twelve-month period, indicating a strong sales performance.
Operating profit for the quarter reached its highest point in five quarters at Rs 2.40 crore, while profit after tax (PAT) also peaked at Rs 1.82 crore. Furthermore, earnings per share (EPS) stood at Rs 5.47, reflecting enhanced profitability for shareholders. Overall, these results suggest a positive trajectory for Grovy India in the near term.
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