Goodricke Group Reports Mixed Financial Results Amid Sales Growth in December 2024
Goodricke Group has announced its financial results for the quarter ending December 2024, showing a 22.2% increase in net sales to Rs 284.22 crore. However, the company faced challenges with a profit before tax of Rs -20.06 crore and a profit after tax of Rs -16.13 crore, indicating mixed performance.
Goodricke Group, a microcap player in the Tea/Coffee industry, has recently reported its financial results for the quarter ending December 2024. The results, declared on February 11, 2025, reveal a mixed performance landscape for the company.On a positive note, Goodricke Group's net sales for the quarter reached Rs 284.22 crore, reflecting a growth of 22.2% compared to the average net sales of Rs 232.55 crore over the previous four quarters. This indicates a favorable trend in sales activity for the company.
Conversely, the financial results also highlight challenges faced by Goodricke Group. The profit before tax (PBT) for the quarter stood at Rs -20.06 crore, which represents a significant decline when compared to the average PBT of Rs -9.24 crore from the previous four quarters. Similarly, the profit after tax (PAT) was reported at Rs -16.13 crore, marking a notable decrease from the average PAT of Rs -7.03 crore in the prior periods.
These evaluation changes reflect a complex financial scenario for Goodricke Group, with contrasting trends in sales and profitability metrics.
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