Goenka Business Reports Declining Financial Metrics, Raising Concerns Over Sustainability in May 2025

Goenka Business & Finance, 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, declared on May 21, 2025, indicate a challenging period for the company, with notable declines in key financial metrics.
Net sales for the quarter stood at Rs 14.34 crore, reflecting a significant reduction compared to the average of Rs 19.74 crore over the previous four quarters. This trend suggests a concerning trajectory for near-term sales performance. Additionally, the Profit Before Tax less Other Income (PBT) recorded a substantial decline, landing at Rs -2.74 crore, which marks a stark contrast to the average PBT of Rs 0.21 crore from the prior four quarters. This figure represents the lowest PBT recorded in the last five quarters, indicating persistent challenges in profitability.

Furthermore, the Profit After Tax (PAT) for the latest six months was reported at Rs -0.62 crore, showing a year-on-year decline of 37.26%. The company's reliance on non-operating income, which constituted 882.86% of PBT, raises concerns about the sustainability of its business model.

In light of these developments, Goenka Business has experienced adjustments in its evaluation, reflecting the ongoing challenges faced by the company.

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