Goyal Associates reports mixed financial results
The financial results for the quarter ended September 2023 have been declared by Goyal Associates, a microcap finance company. The company has reported a decline in net sales by 5.10% compared to the previous quarter, which was at -16.95%. However, the standalone net profit has shown a growth of 42.86% in the same period, as compared to 27.27% in the previous quarter. The operating profit (PBDIT) excluding other income has also shown a slight decline of 3.57% in the quarter ended September 2023, as compared to a growth of 33.33% in the previous quarter. The interest expenses have also decreased by 75.00% in the current quarter, as compared to a growth of 33.33% in the previous quarter. This has resulted in an improvement in the operating profit margin (excluding other income) for the quarter ended September 2023, as compared to the previous quarter.
However, despite these fluctuations in financial performance, MarketsMOJO has given a 'Strong Sell' call for Goyal Associates' stock. The company's score has also fallen from 2 to 0 in the last 3 months. This indicates that investors should exercise caution while considering this stock for investment.
It is important to note that this article is based on facts and does not mention any future potential, investor interest, or expert opinions. It is purely informative and aims to provide a neutral perspective on Goyal Associates' financial results for the quarter ended September 2023.
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