Goyal Associates Reports Negative Financial Performance in Q2 FY25

Goyal Associates, a microcap finance company, has recently announced its financial results for the quarter ending September 2024. The company has reported a negative financial performance for the quarter, with a score of -6, a significant drop from the previous quarter’s score of -2.

One of the major areas of concern for Goyal Associates is its operating cash flow, which has been consistently falling over the last three years. In the latest financial report, the company’s operating cash flow was at its lowest at Rs -0.05 crore. This indicates a decline in the company’s cash revenues from business operations.

The company’s operating profit (PBDIT) for the quarter was also at its lowest in the last five quarters, at Rs 0.17 crore. This trend is expected to continue in the near term, as indicated by the negative trend in operating profit.

Similarly, the profit before tax less other income (PBT) for the quarter was also at its lowest in the last five quarters, at Rs 0.11 crore. This is another area of concern for Goyal Associates, as the near term trend for PBT is also negative.

The earnings per share (EPS) for the quarter was at its lowest in the last five quarters, at Rs 0.02. This indicates a decline in profitability for the company, which may not be favorable for shareholders.

Based on these financial results, MarketsMOJO has given a ‘Strong Sell’ call for Goyal Associates’ stock. It is important for investors to carefully consider these financial indicators before making any investment decisions related to Goyal Associates.