Goenka Business & Finance Shows Strong Growth in Q2 2024 Financial Results
Goenka Business & Finance, a microcap finance company, has reported a positive performance in the second quarter of fiscal year 2024-2025, with a score of 9 compared to -9 in the previous quarter. The company's PAT has seen a significant growth of 170.78% year on year, while Net Sales have also shown a strong growth of 94.6%. MarketsMojo has given a 'Hold' call for the company's stock, making it a promising investment option in the finance/NBFC industry.
Goenka Business & Finance, a microcap finance company, has recently announced its financial results for the quarter ending September 2024. The company has shown a positive performance in the second quarter of the fiscal year 2024-2025, with a score of 9 compared to -9 in the previous quarter.According to the financials, the company's Profit After Tax (PAT) for the nine-month period has seen a significant growth of 170.78% year on year, reaching Rs 1.09 crore. This indicates a very positive trend in the company's profitability. Additionally, the Net Sales for the quarter have also shown a strong growth of 94.6% compared to the average of the previous four quarters, reaching Rs 38.73 crore. This trend is expected to continue in the near term.
Moreover, the company's Net Sales for the quarter have reached the highest in the last five quarters, indicating a positive trend in its sales performance. The PAT for the nine-month period has also surpassed the previous 12-month period, reaching Rs 1.09 crore compared to Rs -0.31 crore.
Based on these financials, MarketsMOJO has given a 'Hold' call for Goenka Business stock. The company's strong financial performance and positive trends in sales and profitability make it a promising investment option in the finance/NBFC industry. Investors can keep an eye on the company's future performance to make informed decisions.
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