Gamuda Latest QR Summary

### Summary of Gamuda Berhad Financial Results for Q3 FY24

**Income Statement Highlights:**
- **Revenue:** Increased by 20% to RM 2,490,081 thousand for the quarter, and by 79% to RM 8,625,531 thousand year-to-date.
- **Operating Expenses:** Rose by 32% to RM 2,461,487 thousand for the quarter, and by 89% to RM 8,290,106 thousand year-to-date.
- **Profit from Continuing Operations:** Dropped by 73% to RM 69,684 thousand for the quarter, and by 15% to RM 481,757 thousand year-to-date.
- **Finance Costs:** Increased by 317% to RM 31,495 thousand for the quarter, and by 79% to RM 94,204 thousand year-to-date.
- **Share of Profit of Joint Ventures:** Rose by 283% to RM 228,637 thousand for the quarter, and by 71% to RM 349,870 thousand year-to-date.
- **Profit Before Tax:** Decreased by 13% to RM 268,881 thousand for the quarter, and slightly increased by 3% to RM 748,235 thousand year-to-date.
- **Income Tax Expenses:** Decreased by 68% to RM 26,408 thousand for the quarter, and by 38% to RM 87,698 thousand year-to-date.
- **Profit for the Period from Continuing Operations:** Increased by 7% to RM 242,473 thousand for the quarter, and by 13% to RM 660,537 thousand year-to-date.

**Balance Sheet Highlights:**
- **Total Assets:** Increased to RM 25,654,120 thousand as of 30 April 2024, from RM 23,784,309 thousand as of 31 July 2023.
- **Total Equity:** Increased to RM 11,721,262 thousand as of 30 April 2024, from RM 10,926,562 thousand as of 31 July 2023.
- **Total Liabilities:** Increased to RM 13,932,858 thousand as of 30 April 2024, from RM 12,857,747 thousand as of 31 July 2023.

**Cash Flow Highlights:**
- **Net Cash Used in Operating Activities:** RM 602,715 thousand for the period ended 30 April 2024, compared to RM 27,671 thousand net cash used in the previous period.
- **Net Cash Used in Investing Activities:** Not fully detailed due to truncation, but it typically includes additions to property, plant, and equipment.

### Investment Considerations
**Positives:**
1. **Revenue Growth:** The company has shown strong revenue growth both quarterly and year-to-date.
2. **Profit from Joint Ventures:** Significant increase in profit from joint ventures, contributing positively to overall profitability.
3. **Total Equity Increase:** Growth in total equity indicates financial strengthening.

**Negatives:**
1. **Profit Decline:** A significant drop in profit from continuing operations for the quarter, although there is an increase year-to-date.
2. **Increased Finance Costs:** A substantial rise in finance costs, which could affect net profitability.
3. **High Operating Expenses:** Operating expenses have increased significantly, which may impact margins.
4. **Net Cash Used in Operations:** The company has a negative cash flow from operations, indicating potential liquidity issues.

**Overall Assessment:**
The company's revenue and equity growth are promising, but the significant drop in quarterly profit, increased finance costs, and negative operating cash flow raise concerns. These factors suggest that while Gamuda Berhad has strong growth potential, there are risks related to profitability and cash management that need careful consideration. An investor should weigh these factors and possibly seek further details on the company's strategy to manage rising costs and improve cash flow before making an investment decision.