Greenearth Resources Reports Minimal Activity in Q2 FY20
The company reported negligible revenue and profit for the quarter, with its primary business activity remaining on hold.
Greenearth Resources & Projects reported minimal financial activity for Q2 FY20, with revenue and profit both at negligible levels, reflecting a continued pause in its core coke manufacturing operations.
Greenearth Resources & Projects reported minimal financial activity for the quarter ended September 2019 (Q2 FY20). The company's revenue and profit were both negligible, indicating its core business of leasing a low ash metallurgical coke production facility remained largely on hold.
The annual figures for the recently concluded fiscal year FY24 show a similar pattern, with revenue and profit each reported at ₹0.01 crore. This suggests a prolonged period of minimal operational scale for the company.
A look at key financial health metrics provides further context. The company's return on equity (ROE) stands at 2.92%, reflecting low profitability relative to shareholder equity. Its current ratio of 0.46 indicates potential challenges in meeting short-term liabilities with its current assets.
Key Points
- Annual Performance: For the full year FY24, the company reported revenue and profit of ₹0.01 crore each.
- Financial Health: The company's return on equity is 2.92%.
- Liquidity Position: It has a current ratio of 0.46.
With its primary asset—the coke plant in Gujarat—remaining inactive, the company's financial results continue to reflect a state of operational dormancy.
Live Chart
· AUSTRAL
(BSE)
ISIN: INE455J01027
Also read
Want this applied to your portfolio?
Talk to a HexaWealth advisor, or sync your mutual fund data for insights tailored to your holdings.