G G Engineering Reports Mixed Q3 FY24-25 Results Amidst Rising Sales and Declining Profits
G G Engineering announced its third-quarter financial results for FY24-25, showcasing a 29.15% increase in net sales to Rs 56.18 crore. However, the company faced significant losses, with a Profit After Tax of Rs -1.37 crore and declining operating profits, indicating a challenging financial landscape.
G G Engineering, a microcap company in the electric equipment industry, has reported its financial results for the third quarter of FY24-25, declaring a mixed performance. The results were announced on January 16, 2025.The company recorded net sales of Rs 56.18 crore, reflecting a year-on-year growth of 29.15%. This positive sales trend indicates a strong demand for G G Engineering's products in the near term. However, the financial outlook is overshadowed by significant losses in other key areas.
Profit After Tax (PAT) for the quarter stood at Rs -1.37 crore, marking a drastic decline of 353.7% year-on-year. Additionally, the operating profit (PBDIT) reached its lowest point in five quarters at Rs -2.36 crore, while profit before tax less other income (PBT) also hit a five-quarter low at Rs -2.54 crore. These figures suggest a challenging financial environment for G G Engineering, with negative trends in profitability metrics. The overall evaluation has undergone adjustments, reflecting shifts in assessment over the past three months.
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