Abhinav Capital's Q1 2024 Financial Report Shows Mixed Results

May 14 2024 09:15 PM IST
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Abhinav Capital Services, a microcap finance company, reported its financial results for the quarter ended March 2024. While net sales showed a strong growth of 75.78% year on year, other key indicators such as PBT and EPS have declined, indicating a mixed performance. Investors should carefully evaluate before investing.

Abhinav Capital Services, a microcap finance company, recently announced its financial results for the quarter ended March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Abhinav Capital's performance for the quarter has been flat, with a score of 0 compared to 8 in the previous quarter. However, there are some positive aspects to the company's financials. The net sales for the half-yearly period have shown a growth of 75.78% year on year, indicating a strong sales trend in the near term.

On the other hand, there are some areas where Abhinav Capital has not performed well. The Profit Before Tax less Other Income (PBT) for the quarter has fallen by 69.0% compared to the average PBT of the previous four quarters. This shows a negative trend in the near term. The Operating Profit (PBDIT) for the quarter is also at its lowest in the last five quarters, indicating a negative trend in the near term. Similarly, the PBT for the quarter is also at its lowest in the last five quarters, showing a negative trend.

Moreover, the company's Earnings per Share (EPS) for the quarter is also at its lowest in the last five quarters, indicating a decline in profitability and lower earnings for shareholders.

Overall, Abhinav Capital's financial performance for the quarter ended March 2024 has been mixed, with some positive and negative aspects. Investors should carefully consider these factors before making any investment decisions.
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