Gajanand International Limited — Results, 20-12-2024: Reply to Clarification- Financial results

**Gajanand International Limited Financial Summary:**

Gajanand International Limited reported total revenue of ₹43.49 crore for the half year ended September 30, 2024, reflecting a substantial growth of 41.5% compared to ₹30.76 crore in the prior year. This increase can be attributed to higher market demand and operational efficiencies following the company’s recent IPO.

The net profit for the period stood at ₹11.30 crore, up from ₹10.42 crore year-over-year, resulting in Earnings Per Share (EPS) of ₹0.70. This positive performance was supported by effective cost control measures and a decrease in the cost of materials, which saw a notable reduction.

Operating costs increased slightly by 8.7% year-over-year, totaling ₹41.97 crore, driven primarily by incremental employee benefits and finance costs. However, the improvement in revenue indicates that the company is managing its expenses effectively while supporting growth.

The balance sheet shows significant strengthening with total assets at ₹44.84 crore, up from ₹39.31 crore. Cash and cash equivalents improved to ₹2.78 crore, reflecting enhanced liquidity post-IPO. This financial resilience positions Gajanand International well for continued growth and stability.

Investor sentiment appears favorable, with the growth trajectory and improved operational efficiency suggesting a **buy** insight for investors looking for exposure in the cotton ginning and trading sector.