Gloster Ltd's Q1 2024 Financial Results Show Mixed Performance

May 30 2024 07:25 PM IST
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Gloster Ltd, a microcap textile company, has released its financial results for the quarter ending March 2024. The stock call for Gloster Ltd by MarketsMojo is 'Sell'. While the company's financial performance has improved slightly, there are some positive aspects such as a growth in PBT and highest sales and operating profit in the last five quarters. However, PAT has shown a decline and investors are advised to carefully analyze the company's financials before making any investment decisions.
Gloster Ltd, a microcap textile company, has recently announced its financial results for the quarter ending March 2024. According to the report released on May 30, 2024, the stock call for Gloster Ltd by MarketsMOJO is 'Sell'.

The company's financial performance for the quarter has remained flat, with a slight improvement from the previous quarter. The score has improved from -27 to -3 in the last three months. However, there are some positive aspects to the financials of Gloster Ltd.

The Profit Before Tax less Other Income (PBT) for the quarter has shown a growth of 49.83% year on year, standing at Rs 9.02 crore. The near-term trend for PBT is very positive. The Net Sales for the quarter have also been the highest in the last five quarters, at Rs 184.98 crore. The near-term trend for sales is positive. The Operating Profit (PBDIT) for the quarter has also been the highest in the last five quarters, at Rs 20.12 crore. The near-term trend for operating profit is positive. The Profit Before Tax less Other Income (PBT) has also been the highest in the last five quarters, at Rs 9.02 crore. The near-term trend for PBT is positive.

However, there are some areas where Gloster Ltd needs to improve. The Profit After Tax (PAT) for the quarter has fallen by -8.1% year on year, standing at Rs 7.68 crore. The near-term trend for PAT is negative.

Overall, the financial results for the quarter ending March 2024 show a mixed performance for Gloster Ltd. Investors are advised to carefully analyze the company's financials before making any investment decisions.
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