Automobile Corporation of Goa Reports Significant Declines in Q3 FY24-25 Financial Metrics

Automobile Corporation of Goa has recently reported its financial results for the third quarter of FY24-25, revealing notable shifts in key performance metrics. The company's net sales for the quarter were recorded at Rs 110.71 crore, which is significantly lower than the average net sales of Rs 160.62 crore observed over the previous four quarters. This marks the lowest sales figure the company has seen in the last five quarters.
In terms of profitability, Profit Before Tax (PBT) decreased to Rs 2.87 crore, which is a considerable reduction from the average PBT of Rs 11.38 crore in prior quarters. Profit After Tax (PAT) also experienced a decline, reaching Rs 4.51 crore, representing the lowest PAT in five quarters and a notable drop from previous levels.

The operating profit was reported at Rs 4.09 crore, with an operating profit margin of 3.69%, suggesting challenges in operational efficiency. Furthermore, a significant portion of PBT, specifically 52.72%, was derived from non-operating income, raising questions about the long-term viability of the company's business model. Earnings per share (EPS) fell to Rs 7.41, indicating a shift in profitability for shareholders.

In light of these developments, there have been evaluation changes regarding the stock's performance.

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