G.G. Automotive Gears Ltd. Q2 Net Sales Slipped To Rs. 7.98 Cr – News

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To begin with, G.G. Automotive Gears Ltd. announced, its net profit stood at Rs. 0.06 Cr with a 91.68% loss on October 17th. While the company also posted its consolidated net profit of Rs. 0.68 Cr in the same quarter last year.

Besides, the company’s total revenue raised to Rs. 7.98 Cr in this quarter ended on 30th September. The company also posted its total income of Rs. 11.15 Cr in the same quarter last year.

Furthermore, the company on October 17th reported its Q2FY21 result. The company EBITDA raised by 37.74% and stood at Rs. 1.32 Cr share in the current quarter. Also, its EBITDA stood at Rs. 2.12 Cr in the same quarter last year.

Moreover, the company’s net sales raised by 42.66% and stood at Rs. 7.98 Cr in this quarter ended on 30th September. The company also posted its net sales of Rs. 13.91Cr in the same quarter last year. Additionally, the EPS was declined from Rs. 0.86 to Rs. 0.07 from the last financial year.

G.G. Automotive Gears Limited shares traded with a gain of 0.28 points reached 5.00 INR with a 5.93% up. Its shares previously closed at 4.90 INR. The company shares traded on the Bombay Stock Exchange.

Stock Market Update:

Stock Market October 16th: On Friday, both Sensex and Nifty seem to trade in a bullish trend in the stock market. The Sensex stood traded gain with 39,982.98 levels and Nifty stood traded gain with 11,762.45 levels. The Sensex raised 254.57 points with a 0.64% gain. Besides, Nifty has raised 82.10 points with a 0.70% gain.

On the other hand, the number of confirmed or coronavirus cases in India reached 74,32,680 as of October 17th, and deaths reached 1,13,032.

In the border market, the S&P BSE Midcap index reported a bullish trend in the stock market yesterday. It raised 152.43 points with a 1.05% gain and reached a 14,621.31 level. The S&P BSE Smallcap index raised 142.61 points with a 0.97% gain and reached a 14,786.56 level. However, the Nifty Bank raised 460.85 points with a 2.00% gain and reached a 23,533.25 level.

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