Gandhi Special Tubes Reports Mixed Q3 Results Amid Profit Growth and Sales Decline

Feb 10 2025 07:47 PM IST
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Gandhi Special Tubes has announced its financial results for the quarter ending December 2024, revealing a flat performance for Q3 FY24-25. While the company's Profit After Tax for the half-year shows a year-on-year growth, net sales have declined compared to previous quarters, indicating mixed financial trends.
Gandhi Special Tubes, a microcap company in the Steel/Sponge Iron/Pig Iron industry, has recently reported its financial results for the quarter ending December 2024. The results, declared on February 10, 2025, indicate a flat financial performance for the third quarter of FY24-25. Notably, the company's evaluation has undergone a revision, with its score adjusting to -1 from a previous score of 3 over the last three months.

On a positive note, the company's Profit After Tax (PAT) for the half-year period stands at Rs 32.41 crore, reflecting a year-on-year growth of 22.49%. This suggests a favorable near-term trend in profitability. However, the company has faced challenges in its net sales, which amounted to Rs 39.77 crore for the quarter. This figure represents a decline of 6.5% compared to the average net sales of the previous four quarters, which were Rs 42.54 crore, indicating a negative near-term sales trend.

Overall, the financial results for Gandhi Special Tubes highlight a mixed performance, with certain areas showing growth while others face headwinds.

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