Shree Ganesh Bio's Q2 FY25 Financial Results Show Mixed Performance

Oct 23 2024 09:01 PM IST
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Shree Ganesh Biotech India, a microcap company in the agriculture industry, reported its financial results for the quarter ending September 2024. While the company's stock received a 'Strong Sell' call, there were some positive aspects such as an increase in profits and sales. However, there are also areas that need improvement, indicating a mixed performance for the quarter. Investors should carefully evaluate these factors before making any investment decisions.

Shree Ganesh Biotech India, a microcap company in the agriculture industry, recently announced its financial results for the quarter ending September 2024. According to the report released on October 23, 2024, the company’s stock has been given a ‘Strong Sell’ call by MarketsMOJO.

The financial performance of Shree Ganesh Bio for the quarter has remained flat, with a score of -5 compared to -3 in the previous three months. However, there are some positive aspects to the company’s financials. The Profit After Tax (PAT) for the nine-month period was higher at Rs 1.10 crore compared to the preceding 12-month period ending September 2024, which was Rs 0.42 crore. This indicates a growth in profits for the company.


Moreover, in the nine-month period, Shree Ganesh Bio has already surpassed its sales from the previous 12 months. This is a positive sign for the company’s growth and performance.


On the other hand, there are some areas that need improvement for Shree Ganesh Bio. The Net Sales for the half-yearly period ending September 2024 was Rs 5.54 crore, which is a decline of -55.21% compared to the same period last year. This shows a negative trend in sales in the near term.


Overall, Shree Ganesh Bio’s financial results for the quarter ending September 2024 have been mixed, with some positive and negative aspects. Investors should carefully consider these factors before making any investment decisions.


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