Galactico Corporate Services Reports Decline in Q3

Oct 26 2023 12:00 AM IST
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Galactico Corporate Services, a microcap finance and NBFC, reported a decline in net sales and standalone net profit for the quarter ended September 2023. The operating profit (PBDIT) and operating profit margin also saw a decrease, with a score of -2. The company's profit before tax and earnings per share were the lowest in the last five quarters, indicating a decline in profitability and lower earnings for shareholders. Investors should carefully consider these factors before making any investment decisions.
Galactico Corporate Services, a microcap finance and non-banking financial company (NBFC), recently announced its financial results for the quarter ended September 2023. The results were declared on October 26, 2023.

According to the analysis by MarketsMOJO, the stock call for Galactico Corporate Services is 'Sell'. The company's net sales for the quarter showed a decline of 34.62% compared to the previous quarter, while the standalone net profit also saw a decrease of 61.54%. The operating profit (PBDIT) excluding other income also showed a decline of 100%, and the interest remained flat.

The operating profit margin (excluding other income) also saw a decline from the previous quarter. The overall financial performance of Galactico Corporate Services for the quarter was flat, with a score of -2, which is an improvement from the previous quarter's score of -9.

However, the financials for the quarter also highlight some areas that are not working for the company. The profit before tax (PBT) excluding other income was the lowest in the last five quarters, at Rs 0.08 crore. The near-term trend for PBT is also negative. The earnings per share (EPS) for the quarter were also the lowest in the last five quarters, at Rs 0.02. This indicates a declining profitability and lower earnings for shareholders.

Overall, the financial results for the quarter ended September 2023 show a decline in performance for Galactico Corporate Services. Investors should carefully consider these factors before making any investment decisions.
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