Garnet Construction Reports Strong Financial Performance in Q1 FY25

Garnet Construction, a microcap company in the real estate industry, has recently announced its financial results for the quarter ending March 2024. The results, declared on August 14, 2024, have received a ‘Sell’ call from MarketsMOJO.

Despite the negative sentiment from MarketsMOJO, Garnet Construction has shown a very positive financial performance in the quarter. The company’s score has improved from -3 to 21 in the last three months, indicating a significant growth.

One of the key factors contributing to this growth is the Profit Before Tax less Other Income (PBT) for the quarter, which has seen a remarkable increase of 1413.5% compared to the average PBT of the previous four quarters. This trend is expected to continue in the near term, making the PBT trend very positive.

Similarly, the Profit After Tax (PAT) for the quarter has also shown a significant growth of 886.4% compared to the average PAT of the previous four quarters. This trend is also expected to continue in the near term, making the PAT trend very positive.

In terms of operating profit, Garnet Construction has achieved its highest PBDIT (Profit Before Depreciation, Interest, and Tax) in the last five quarters, indicating a positive trend in the near term. The company has also recorded its highest PBT and PAT in the last five quarters, further solidifying its positive financial performance.

Moreover, the company’s Earnings per Share (EPS) for the quarter have also reached its highest at Rs 5.22 in the last five quarters. This indicates an increasing profitability and higher earnings for shareholders.

Overall, Garnet Construction has shown a strong financial performance in the quarter ending March 2024, with positive trends in key financial indicators. This showcases the company’s potential for growth and success in the real estate industry.