GP Petroleums Reports Flat Performance in Q1 FY25, PAT Shows Strong Growth. MarketsMOJO Recommends 'Hold'.

GP Petroleums, a leading player in the lubricants industry, recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO, indicating a neutral stance.

According to the financial report, GP Petroleums has shown a flat performance in the quarter, with a score of 5 out of 10, compared to 6 in the previous quarter. However, there are some positive aspects to the company’s performance. The Profit After Tax (PAT) for the half-yearly period has shown a growth of 54.78% year on year, reaching Rs 13.28 crore. This indicates a strong trend in the near term for GP Petroleums.

On the other hand, the Debtors Turnover Ratio for the half-yearly period has been the lowest in the last five periods, at 4.57 times. This suggests that the company’s pace of settling its debtors has slowed down.

Despite the mixed performance, GP Petroleums remains a key player in the lubricants industry. With a microcap size, the company has shown resilience in the face of challenging market conditions. Investors are advised to hold their positions in the stock, as per the recommendation by MarketsMOJO.