Aastamangalam Finance Reports Strong Financial Performance in Q3 2024.

Nov 16 2024 05:01 PM IST
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Aastamangalam Finance, a microcap finance company, has reported a strong financial performance in the quarter ending September 2024. With a significant increase in net sales, operating profit, PBT, PAT, and EPS, the company is on a positive trajectory and is expected to continue its growth in the near future.
Aastamangalam Finance, a microcap finance company, has recently announced its financial results for the quarter ending September 2024. The company has shown a very positive performance in this quarter, with an improved score of 24 compared to 19 in the previous quarter, according to MarketsMOJO.

One of the key highlights of the financial results is the significant growth in net sales, which has increased by 166.80% year on year to reach Rs 6.83 crore. This is a very positive trend for the company and indicates a strong demand for its financial services.

In terms of operating profit, Aastamangalam Finance has recorded its highest figure of Rs 3.69 crore in the last five quarters. This shows a positive trend in the near term and reflects the company's efficient management of its operations.

Similarly, the company's profit before tax (PBT) less other income has also reached its highest figure of Rs 3.12 crore in the last five quarters. This is another positive trend for Aastamangalam Finance and indicates its ability to generate higher profits.

The company's profit after tax (PAT) has also shown a positive trend, with its highest figure of Rs 2.35 crore in the last five quarters. This reflects the company's strong financial performance and its ability to generate higher returns for its shareholders.

Furthermore, Aastamangalam Finance has also recorded its highest earnings per share (EPS) of Rs 2.64 in the last five quarters. This is a significant increase and highlights the company's increasing profitability and its ability to create higher earnings for its shareholders.

Overall, Aastamangalam Finance has shown a very positive financial performance in the quarter ending September 2024. With its strong growth in net sales, operating profit, PBT, PAT, and EPS, the company is on a positive trajectory and is expected to continue its growth in the near future.
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