Goyal Aluminiums FY24 Profit at ₹232.12 Lakhs, Revenue at ₹6,846.47 Lakhs
Goyal Aluminiums reported FY24 standalone profit after tax of ₹232.12 lakhs on revenue of ₹6,846.47 lakhs. For Q4 FY24, profit after tax was ₹49.66 lakhs. Consolidated FY24 profit after tax stood at ₹232.11 lakhs on revenue of ₹6,872.42 lakhs.
The financial results for the year show a modest increase in profit and revenue, which is generally positive. However, the qualified audit opinion introduces a degree of uncertainty that could influence investor perception and potentially impact the stock price.
The financial results show a slight increase in profit and revenue compared to the previous year, but the overall performance is stable without significant positive or negative indicators. The qualified opinion from the auditor regarding the accounting software is a point of concern.
Goyal Aluminiums Limited (formerly Advitiya Trade India Limited) announced its audited standalone financial results for the quarter and year ended March 31, 2024. For the full fiscal year 2023-2024, the company reported a total income of ₹6,846.47 lakhs and a profit after tax of ₹232.12 lakhs. The total expenses for the year amounted to ₹6,558.35 lakhs.
For the fourth quarter of FY24 (January 1, 2024 to March 31, 2024), the company recorded a total income of ₹2,498.48 lakhs and a profit after tax of ₹49.66 lakhs. Total expenses for the quarter were ₹2,455.85 lakhs.
The company's audited consolidated financial results for the year ended March 31, 2024, showed a total income of ₹6,872.42 lakhs and a profit after tax of ₹232.11 lakhs. For the consolidated fourth quarter, total income was ₹2,524.20 lakhs and profit after tax was ₹49.65 lakhs.
The Board of Directors approved these results on May 29, 2024. The company is primarily engaged in the trading of aluminum hardware and allied products, operating under a single segment.
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Goyal Aluminiums Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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