Gretex Corporate Services Reports Mixed Financial Results for Q1 FY25
Gretex Corporate Services, a microcap finance company, recently announced its financial results for the quarter ending March 2024. According to the report released on August 8, 2024, the company’s stock has been given a ‘Sell’ call by MarketsMOJO.
The financial performance of Gretex Corporate for the quarter has been relatively flat, with a score of -1 compared to 3 in the previous quarter. However, there are some positive aspects to note from the Jun 2024 financials.
One of the highlights is the company’s net sales, which have shown a significant growth of 44.45% year on year, reaching Rs 19.27 crore. This is a positive trend in the near term for the company. Additionally, the net sales for the nine-month period are higher at Rs 19.27 crore compared to the previous 12-month period, indicating a strong sales performance.
On the other hand, the company’s profit after tax (PAT) for the quarter has fallen by -32.0% to Rs 1.28 crore, compared to the average PAT of the previous four quarters at Rs 1.88 crore. This is a concerning trend in the near term for Gretex Corporate.
Overall, the financial results for the quarter ending March 2024 show a mixed performance for Gretex Corporate Services. Investors should carefully consider these factors before making any investment decisions.
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