Gagan Gases Reports Positive Financial Performance in Q2 FY25
Gagan Gases, a microcap company in the industrial gases and fuels industry, has recently announced its financial results for the quarter ending September 2024. The results have been declared on October 22, 2024.
According to the latest report, Gagan Gases has shown a positive financial performance in the quarter, with a score of 7 compared to -2 in the previous three months. This indicates an improvement in the company’s financial health.
One of the key factors contributing to this positive performance is the operating profit (PBDIT) for the quarter, which has been the highest in the last five quarters at Rs 0.10 crore. The near-term trend for operating profit is also positive.
Similarly, the profit before tax less other income (PBT) for the quarter has been the highest in the last five quarters at Rs 0.08 crore. The near-term trend for PBT is also positive.
The company has also shown a positive trend in its profit after tax (PAT) for the quarter, with the highest figure of Rs 0.08 crore in the last five quarters. This indicates a positive outlook for the company’s profitability in the near future.
Furthermore, the earnings per share (EPS) for the quarter have been the highest in the last five quarters at Rs 0.18. This shows that the company has been able to generate higher earnings for its shareholders.
Overall, Gagan Gases has shown a positive financial performance in the quarter ending September 2024, with an improvement in key financial indicators. Based on this, MarketsMOJO has given a ‘Hold’ call for the company’s stock.
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