Garnet International Reports Positive Q2 Results, PAT Increases by 170.74%

The financial results for the quarter ending September 2024 have been declared by Garnet International, a microcap company in the finance/NBFC industry. According to the latest financial report, the company has shown positive performance in the second quarter of the fiscal year 2024-2025. This is evident from the improvement in their score from 1 to 11 in the last three months.

One of the key factors contributing to this positive performance is the significant growth in Profit After Tax (PAT) for the half-yearly period, which has increased by 170.74% year on year. This trend is expected to continue as the company has shown a very positive PAT trend. Additionally, the company has also generated higher cash revenues from its business operations, with the operating cash flow being the highest at Rs 6.69 crore annually.

However, there are some areas that need improvement for Garnet Intl. The net sales for the nine-month period have shown a decline of -60.76% year on year, indicating a negative trend in the near term. Despite this, the company has already surpassed its PAT for the previous twelve months in just half a year.

Based on these financial results, MarketsMOJO has given a 'Sell' call for Garnet Intl. stock. It is important to note that this article is based on facts and does not include any external data or sources. We do not provide any recommendations or mention investor interest or expert opinions. As a microcap company, Garnet Intl. has shown promising financial performance, but it is always advisable to do thorough research and consult a financial advisor before making any investment decisions.