GSFC Reports Negative Financial Performance in Q1, Experts Recommend Caution for Investors
Gujarat State Fertilizers & Chemicals (GSFC) has reported a negative financial performance for the quarter ending June 2024, with a score of -17, an improvement from -24 in the last 3 months. The company's PBT and PAT have fallen by -35.55% and -22.4% YoY respectively, while sales have declined by -22.59% YoY. MarketsMojo has given a 'Sell' call for GSFC's stock, highlighting the need for careful analysis before making investment decisions.
Gujarat State Fertilizers & Chemicals (GSFC), a midcap company in the fertilizer industry, recently declared its financial results for the quarter ending June 2024. According to the latest report, the company has seen a negative financial performance with a score of -17, which has improved from -24 in the last 3 months.
The company's Profit Before Tax (PBT) less Other Income has fallen by -35.55% Year on Year (YoY) to Rs 62.88 crore. This trend is expected to continue in the near term. Similarly, the Profit After Tax (PAT) has also fallen by -22.4% YoY to Rs 87.31 crore, indicating a negative trend in the near future.
In terms of sales, GSFC has reported a decline of -22.59% YoY in its Net Sales for the nine-month period, amounting to Rs 6,135.53 crore. This indicates a negative trend in the company's sales in the near term. Additionally, the company's Non-Operating Income for the quarter is 44.16% of its PBT, which is a cause for concern as it shows a high reliance on non-business activities.
Based on these financial results, MarketsMOJO has given a 'Sell' call for GSFC's stock. It is important for investors to carefully analyze the company's financial performance and make informed decisions.
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