GTN Industries Reports Mixed Performance in Q1 FY25 Financial Results

GTN Industries, a microcap textile company, recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Strong Sell’ rating by MarketsMOJO.

According to the financial report, GTN Industries has shown a flat performance in the quarter, with a score of 3 out of -4 in the last three months. However, there are some positive aspects to the company’s financials.

The operating profit (PBDIT) for the quarter was the highest in the last five quarters, at Rs 1.58 crore. This shows a positive trend in the near term for the company’s operating profit. The operating profit margin has also improved, reaching its highest at 3.40% in the last five quarters, indicating an increase in efficiency.

The profit before tax (PBT) less other income has also shown a positive trend in the near term, with the highest at Rs -0.48 crore in the last five quarters. The profit after tax (PAT) has also increased, with the highest at Rs 0.45 crore in the last five quarters. This shows that the company has been able to create higher earnings for its shareholders.

The earnings per share (EPS) for the quarter was the highest in the last five quarters, at Rs 0.26. This indicates an increase in profitability for the company.

However, there are some areas that need improvement. The non-operating income for the quarter was 182.76% of the profit before tax (PBT), which is a cause for concern as it shows that the company’s income from non-business activities is high and not sustainable in the long run.

Overall, GTN Industries has shown a mixed performance in the quarter ending June 2024. Investors should carefully consider all the financial aspects before making any investment decisions.