Golechha Global Finance Q1 Results Positive Net Income with Revenue Challenges

Golechha Global Finance Q1 Results: Golechha Global Finance's Q1 results reveal important trends when we examine both year-over-year (YoY) and quarter-on-quarter (QoQ) changes. For total revenue, the company reported ₹0.04 crore in June 2024, which is lower than the ₹0.07 crore achieved in June 2023. This reflects a decline of 43% YoY, indicating that the company is facing challenges in generating revenue compared to the previous year. On a quarter-on-quarter (QoQ) basis, total revenue also fell from ₹0.06 crore in March 2024 to ₹0.04 crore, showing a downward trend in a short period.

Golechha Global Finance’s Operating income has also shown negative results. In June 2023, Golechha Global Finance recorded an operating income loss of ₹0.36 crore. This loss worsened to ₹6.05 crore in June 2024, indicating a significant decline year-over-year (YoY). When comparing QoQ, the loss increased from ₹5.41 crore in March 2024 to ₹6.05 crore.

Golechha Global Finance’s net income before taxes improved year-over-year (YoY). It went from ₹0.78 crore in June 2023 to ₹1.08 crore in June 2024. Additionally, net income also rose YoY, increasing from ₹0.58 crore in June 2023 to ₹0.81 crore in June 2024. Overall, while there are areas of concern, the improvements in net income suggest that Golechha Global Finance is making some progress year-over-year (YoY).

Here's the information about Golechha Global Finance's Q1 results in a simple and clear format:

(Rs. in crores, except the crores)

Source: Here 

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Golechha Global Finance Q1 Results

Golechha Global Finance’s Total Revenue from Operations increased significantly to ₹716.52 lakhs in the latest quarter, up from ₹405.90 lakhs in the previous quarter and ₹121.22 lakhs a year ago. This suggests that the company is generating more income from its main business activities. The Total Expenses also rose to ₹609.17 lakhs from ₹325.49 lakhs in the previous quarter, indicating that costs are increasing, but the company still made a profit.

Golechha Global Finance’s Profit Before Tax was ₹108.12 lakhs, which is higher than the ₹80.41 lakhs in the previous quarter and shows positive growth compared to last year’s ₹77.91 lakhs. Profit for the Period also increased to ₹80.91 lakhs, compared to ₹71.39 lakhs previously. Earnings per Equity Share remained steady at ₹550.00, indicating consistent shareholder value. Overall, Golechha Global Finance's results reflect strong revenue growth and improving profitability in the first quarter of 2024.

Here’s the table of Q1 results for Golechha Global Finance:

Golechha Global Finance Stcok Metrics

Golechha Global Finance is a company with a market cap of ₹ 19.2 Crores, which means it is valued at this amount in the stock market. The current stock price is ₹ 34.9. The highest price for the stock has been ₹ 41.7, while the lowest was ₹ 13.3. The stock has a Price to Earnings (P/E) ratio of 11.3, indicating it is reasonably priced compared to its earnings. The book value per share is ₹ 15.8, and it does not offer any dividends. 

Here is a summary of the financial details for the stock you referred to:

Quarterly Results 

In the quarters of December 2023, March 2024, and June 2024, Golechha Global Finance showed positive growth in its financial results. In December 2023, the company reported sales of Rs. 2.35 crores and a net profit of Rs. 0.41 crores, with an operating profit margin of 22.98%. By March 2024, sales increased to Rs. 4.06 crores, and net profit rose to Rs. 0.71 crores, though the operating profit margin slightly decreased to 19.70%. In June 2024, sales further increased to Rs. 7.16 crores, and net profit reached Rs. 0.81 crores, reflecting consistent improvement in performance and financial health.

Here's the table for the specified quarters (December 2023, March 2024, and June 2024), along with the particulars:

Figures in Rs. Crores

About Golechha Global Finance 

Golechha Global Finance is a company that started in Tamil Nadu, India, on April 18, 1991. It was first named Golechha (Madras) Finance & Leasing, founded by Mrs. Chandrakanta Golechha and Mr. Devendra Kumar Golechha. In 1992, the company became a public company and changed its name to Golechha Global Finance.

Golechha Global Finance's shares are listed on several stock exchanges, including the Bombay Stock Exchange and the Madras Stock Exchange. In 2010-11, it was taken over by Advani Private. The registered office was moved from Chennai to Kolkata for better operations. Golechha Global Finance is a non-deposit taking Non-Banking Finance Company (NBFC), which means it provides financial services without accepting deposits from the public. The company is registered with the Reserve Bank of India, ensuring that it follows all necessary rules and regulations in the finance sector.