Agarwal Fortune India Shows Mixed Performance in Q3

Nov 07 2023 12:00 AM IST
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Agarwal Fortune India, a microcap finance company, has announced its financial results for the quarter ended September 2023. While net sales showed a significant growth of 58.33%, standalone net profit saw a decline of -83.33%. However, the company's overall score has improved, indicating progress in operations. MarketsMojo has given a 'Sell' call for the stock.
Agarwal Fortune India, a microcap finance company, has recently announced its financial results for the quarter ended September 2023. The company's net sales for the quarter showed a significant growth of 58.33% compared to the previous quarter, which had a decline of -50.56%. However, the standalone net profit for the quarter saw a decline of -83.33% compared to a growth of 175.00% in the previous quarter.

The operating profit (PBDIT) excluding other income also showed a positive growth of 114.29% in the quarter, as opposed to a decline of -40.00% in the previous quarter. It is worth noting that the company has not incurred any interest expenses in the last few periods, which has contributed to the improvement in its operating profit margin.

Despite the flat financial performance in the quarter, Agarwal Fortune's overall score has improved from -2 to 2 in the last three months. This indicates that the company is making progress in its operations.

Some of the key highlights from the financial results include the highest operating profit (PBDIT) and profit before tax (PBT) in the last five quarters. The near-term trend for both these metrics is also positive, which is a good sign for the company's future performance.

It is important to note that MarketsMOJO has given a 'Sell' call for Agarwal Fortune's stock. However, it is advisable to make investment decisions based on thorough research and analysis rather than relying solely on stock calls.

Overall, Agarwal Fortune's financial results for the quarter ended September 2023 show a mixed performance, with some positive growth in key metrics. Investors should keep a close eye on the company's future performance to make informed decisions.
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