GTN Textiles Reports Mixed Q1 Results, EPS Highest in 5 Quarters

May 21 2024 07:15 PM IST
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GTN Textiles, a microcap company in the textile industry, reported a flat performance in the last quarter with a score of 0. However, the company's EPS was the highest in the last five quarters, indicating strong earnings for shareholders. PBT less other income was the lowest in the last five quarters, suggesting a negative trend. Despite this, GTN Textiles remains a strong player in the industry.

GTN Textiles, a microcap company in the textile industry, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Strong Sell' call by MarketsMOJO.

According to the financial report, GTN Textiles has shown a flat performance in the last quarter, with a score of 0 compared to -3 in the previous quarter. However, there are some positive aspects to the company's performance. The earnings per share (EPS) for the quarter were the highest in the last five quarters, at Rs -1.68. This indicates that the company has been able to generate higher earnings for its shareholders.

On the other hand, the profit before tax (PBT) less other income for the quarter was the lowest in the last five quarters, at Rs 1.95 crore. This suggests a negative trend in the near term for the company's PBT.

Despite the mixed financial results, GTN Textiles remains a strong player in the textile industry. The company has a microcap size, but its performance and potential cannot be ignored. Investors should carefully consider all factors before making any investment decisions.
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