GTV Engineering Reports Mixed Financial Results for Q3, PAT Shows 82.61% Growth
GTV Engineering's financial report for the quarter ending September 2024 shows a flat performance with a score of 2 out of 10, a significant decrease from the previous quarter. However, the company's Profit After Tax has shown a growth of 82.61% year on year, while net sales have fallen by 47.21%. Investors are advised to hold their stock and closely monitor future reports.
GTV Engineering, a microcap engineering company, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.
According to the financial report, GTV Engineering's performance for the quarter was flat, with a score of 2 out of 10, a significant decrease from the previous quarter's score of 9. However, there are some positive aspects to the company's financials.
One of the highlights is the Profit After Tax (PAT) for the first half of the year, which has shown a growth of 82.61% year on year, reaching Rs 2.52 crore. This is a positive trend for the company.
On the other hand, the net sales for the quarter have fallen by 47.21% year on year, standing at Rs 23.56 crore. This is a concerning trend for GTV Engineering, as it marks a significant decrease in sales. Additionally, this is the lowest net sales figure in the last five quarters, indicating a negative trend in the near term.
Overall, GTV Engineering's financial performance for the quarter has been mixed, with some positive and negative aspects. Investors are advised to hold their stock and monitor the company's future financial reports closely.
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