Garnet International Reports Mixed Financial Results Amidst Significant Sales Decline in March 2025

Garnet International, a microcap player in the Non-Banking Financial Company (NBFC) sector, has recently reported its financial results for the quarter ending March 2025. The results indicate a notable shift in the company's evaluation, with a revision in its score reflecting the challenges faced during this period.
On a positive note, Garnet International achieved its highest operating profit (PBDIT) in the last five quarters, reaching Rs 0.19 crore. This suggests a favorable trend in operating profit in the near term. Additionally, the company reported a profit after tax (PAT) of Rs 0.75 crore for the nine-month period, surpassing the Rs 0.46 crore recorded in the previous twelve months. This indicates that the company has already exceeded its sales from the prior year within just nine months.

Conversely, the financial results also highlight significant challenges. Net sales for the nine-month period stood at Rs 6.09 crore, reflecting a substantial decline of 86.33% year on year. Similarly, the PAT for the same period also experienced a decline of 86.33% year on year, indicating a very negative trend in near-term performance.

Overall, Garnet International's recent financial results reveal a complex landscape of both positive developments and significant challenges.

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