GNA Axles Reports Negative Financial Results for Q1 2024, Investors Advised to Take Note

Jul 11 2024 05:45 PM IST
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GNA Axles, a smallcap company in the auto ancillary industry, has reported a negative performance in the quarter ending June 2024, with a score of -10. This is an improvement from the previous quarter's score of -21, but still indicates a decline in the company's financial health. Both the Profit Before Tax and Profit After Tax have seen a decline of -15.66% and -16.2% respectively, compared to the previous year. Investors are advised to take note of these results and make informed decisions.
GNA Axles, a smallcap company in the auto ancillary industry, recently declared its financial results for the quarter ending June 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, GNA Axles has seen a negative performance in the quarter, with a score of -10, which has improved from -21 in the last 3 months. This indicates a decline in the company's financial health.

One of the major factors contributing to this negative performance is the Profit Before Tax (PBT) less Other Income, which has fallen by -15.66% year on year to Rs 37.21 crore. The near-term trend for PBT is also very negative.

Similarly, the Profit After Tax (PAT) has also seen a decline of -16.2% year on year to Rs 27.76 crore. The near-term trend for PAT is also very negative.

Overall, the financial results for the quarter ending June 2024 have not been favorable for GNA Axles. Investors are advised to take note of the negative performance and make informed decisions.
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