LGB Forge Announces Q1 FY25 Financial Results, Operating Cash Flow and EPS Show Improvement

The microcap company, LGB Forge, has recently announced its financial results for the quarter ending June 2024. According to the data released on August 7, 2024, the company has seen a flat performance in terms of financials. However, there has been a slight improvement in the overall score, which has increased from -6 to 0 in the last three months.

One of the key factors contributing to this improvement is the company’s operating cash flow, which has been the highest at Rs 3.50 crore in the last three years. This indicates that LGB Forge has been able to generate higher revenues from its business operations. Additionally, the company’s profit after tax (PAT) for the quarter has also shown a positive trend, with the highest value of Rs -1.67 crore in the last five quarters.

Another positive aspect of LGB Forge’s financials is its earnings per share (EPS), which has been the highest at Rs 0.02 in the last five quarters. This indicates that the company has been able to increase its profitability and create higher earnings for its shareholders.

However, there are some areas where LGB Forge needs to work on based on its financial results for the quarter. The net sales for the quarter have fallen by -14.2% compared to the average net sales of the previous four quarters. This indicates a negative trend in the company’s sales in the near term.

Based on these financial results, MarketsMOJO has given a ‘Sell’ call for LGB Forge’s stock. It is important to note that this is not a recommendation, but rather a neutral assessment based on the facts and figures provided by the company. Investors and experts have not been mentioned in this article, as it aims to provide an unbiased and informative tone.