Abhinav Capital Services Reports Negative Performance in Q1 FY25 Financial Results
Abhinav Capital Services, a microcap finance company, recently announced its financial results for the quarter ending March 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.
According to the financial report, Abhinav Capital has seen a negative performance in the quarter, with a score of -9 compared to 0 in the previous quarter. This decline can be attributed to various factors.
One of the major concerns for the company is its net sales, which have shown a significant decline of -42.95% year on year, standing at Rs 5.10 crore. This trend is expected to continue in the near term, indicating a negative outlook for the company’s sales.
Similarly, the company’s profit after tax (PAT) has also taken a hit, with a decline of -71.80% year on year, amounting to Rs 1.94 crore. This negative trend is expected to continue in the near term, indicating a decrease in the company’s profitability.
Overall, the financial results for the quarter ending March 2024 have not been favorable for Abhinav Capital Services. Investors and stakeholders should closely monitor the company’s performance in the coming months to make informed decisions.
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