Shares of GG Engineering Hits Upper Circuit After Q4FY24 Results; Check Details Here

Mumbai-headquarter GG Engineering has announced Q4FY24 results and has reported its Q4 PAT at Rs 547.03 lakh.
Net profit of G G Engineering rose 1.86% to Rs 5.47 crore in Q4FY24 as against Rs 5.37 crore during the Q4FY23. Sales rose 206.54% to Rs 76.42 crore in the Q4FY24 as against Rs 24.93 crore during Q4FY23.

For the full year,net profit declined 10.47% to Rs 7.10 crore in the FY2024 as against Rs 7.93 crore during the FY2023. Sales rose 113.03% to Rs 212.11 crore in the FY2024 as against Rs 99.57 crore during the FY2023.

EBITDA stands at Rs. 8.32 crore in Q4FY24 up 56.98% from Rs. 5.30 crore in Q4FY24.

Earlier, GG Engineering Limited has informed the stock market that a meeting of its Board of Directors was held on Monday, January 22, in which approval has been given to convert 13.5 crore warrants into equal numbers of equity shares. GG Engineering Limited has approved conversion of 13.50 crore warrants into 13.5 crore equity shares at Rs 1.32 per share.

Established in 2006, G G Engineering Limited (BSE: 540614) has been at the forefront of meeting the rising demand for superior Infrastructural & Structural Steel, and Engineering products.

On Friday, the shares of G G Engineering were trading at a 5% upper circuit limit at Rs 2.24 apiece.