Ganges Securities Reports Stable Sales Amid Declining Profitability and Liquidity Concerns in December 2024 Results

Ganges Securities, a microcap company in the finance/NBFC sector, has recently reported its financial results for the quarter ending December 2024. The results indicate a stable performance in terms of net sales, which reached Rs 35.98 crore for the nine-month period, surpassing the Rs 34.83 crore recorded in the previous twelve months. This achievement highlights the company's ability to maintain sales momentum over the recent period.
However, the financial results also reveal challenges for Ganges Securities. The Profit After Tax (PAT) for the quarter was reported at Rs 1.03 crore, reflecting a year-on-year decline of 23.1%. This trend suggests significant pressures on profitability. Additionally, the company's cash and cash equivalents have reached their lowest point in the last six half-yearly periods, now standing at Rs 24.00 crore, indicating a concerning trend in short-term liquidity.

As a result of these developments, Ganges Securities has experienced an adjustment in its evaluation, with its score reflecting the current financial landscape.

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