Federal-Mogul Goetze (India) Shows Positive Financial Performance in Latest Quarter

Federal-Mogul Goetze (India), a smallcap company in the auto ancillary industry, has recently declared its financial results for the quarter ending March 2024. According to the latest report, the company has shown positive performance in terms of financials, with a score of 8 compared to -2 in the previous quarter.

One of the key highlights of the financial results is the growth in Profit Before Tax less Other Income (PBT) by 53.98% year on year, reaching Rs 49.52 crore. This indicates a very positive trend in the near term for the company. Additionally, the Operating Profit (PBDIT) for the quarter was the highest in the last five quarters at Rs 72.38 crore, showing a positive trend in the near term.

The company's efficiency has also improved, as seen in the Operating Profit Margin, which reached its highest at 16.92% in the last five quarters. This is a positive sign for the company's financial health. Moreover, the Profit After Tax (PAT) for the quarter was the highest in the last five quarters at Rs 40.33 crore, with a growth of 27.3% year on year. This indicates a positive trend in the near term for the company's profitability.

The company's earnings per share (EPS) also saw a significant increase, reaching its highest at Rs 7.25 in the last five quarters. This shows that the company has been able to create higher earnings for its shareholders.

Based on these financial results, MarketsMOJO has given a 'Hold' call for Federal-Mogul Goetze (India) stock. With a positive trend in the near term and strong financial performance, the company seems to be on the right track for growth in the auto ancillary industry.