Gowra Leasing & Finance Reports Positive Financial Trends in Q2 2024

Gowra Leasing & Finance, a microcap finance company, has recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Gowra Leasing has shown a flat performance in the second quarter of the fiscal year 2024-2025. However, there has been an improvement in the company's score from 2 to 4 in the last three months.

Despite the flat performance, there are some positive aspects to note from the financials. The company's operating profit (PBDIT) for the quarter was the highest in the last five quarters at Rs 0.62 crore. The near-term trend for operating profit is also positive. Similarly, the profit before tax less other income (PBT) for the quarter was the highest in the last five quarters at Rs 0.54 crore, with a positive near-term trend. The profit after tax (PAT) for the quarter was also the highest in the last five quarters at Rs 0.57 crore, with a positive near-term trend. Additionally, the earnings per share (EPS) for the quarter was the highest in the last five quarters at Rs 1.90, indicating an increase in profitability and higher earnings for shareholders.

Overall, while the financial performance of Gowra Leasing may not have been exceptional, there are some positive signs for the company's future growth. Investors should keep an eye on the company's progress in the coming quarters.