Gujarat Credit Corporation ‘s Q1 Report: Profit Decreases by 316.67% YoY

The comprehensive analytics outlining the performance and outlook of Gujarat Credit Corporation Ltd.‘s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Today, we’re looking at Gujarat Credit Corporation Ltd.’s financial performance for the Q1(Jun 2024).Expenses ticked up slightly by 9.09 % quarter-on-quarter, aligning with the annual rise of 50 %. Operating profit, while down -50 % compared to last year, faced a quarter-on-quarter dip of -9.09 %, signaling a short-term contraction in margins.
Profit before tax declined annually by -700 % but saw a reduction from the preceding quarter by -140 %.
Tax expenses as a percentage of profits decreased slightly by -7.37 % compared to last year, with a more notable quarter-on-quarter decrease of -34.64 %. Net profit fell by -316.67 % year-on-year but witnessed a -160 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -287.5 % but a quarterly fall of -200 %. In summary, Gujarat Credit Corporation Ltd.’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Gujarat Credit Corporation Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Expenses rose by 50 % compared to the previous year, with a 9.09 % increase quarter-on-quarter. Operating Profit dropped by -50 % annually, and saw a -9.09 % decrease from the last quarter.
Net Profit showed yearly decrease of -316.67 %, and experienced a -160 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -287.5 % annually, however dipped by -200 % compared to the last quarter. In essence, while Gujarat Credit Corporation Ltd. faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.