Gujarat State Financial Corporation's Q1 FY25 Results Show Decline in Performance

Aug 08 2024 05:54 PM IST
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Gujarat State Financial Corporation, a microcap finance company, reported a flat performance in the quarter ending June 2024 with a score of -1 compared to 0 in the previous quarter. The company's earnings per share (EPS) for the quarter was at its lowest in the last five quarters, indicating a decline in profitability. Non-operating income was the highest in the last five quarters, but it may not be sustainable in the long run. Investors are advised to carefully consider these factors before making any investment decisions.

Gujarat State Financial Corporation, a microcap finance company, recently announced its financial results for the quarter ending June 2024. The company’s stock has received a ‘Sell’ call from MarketsMOJO.

According to the financial report, Gujarat State Financial Corporation has seen a flat performance in the quarter, with a score of -1 compared to 0 in the previous three months. This indicates a decline in the company’s financial performance.


One of the major factors contributing to this decline is the company’s earnings per share (EPS) for the quarter, which is at its lowest in the last five quarters at Rs -3.50. This shows a declining profitability and a lower return for shareholders.


Additionally, the company’s non-operating income for the quarter has been the highest in the last five quarters at Rs 3.60 crore. While this may seem like a positive, it is important to note that this income is from non-business activities and may not be sustainable in the long run.


Overall, the financial results for the quarter ending June 2024 have not been favorable for Gujarat State Financial Corporation. Investors are advised to carefully consider these factors before making any investment decisions.


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