Apollo Finvest Reports Strong Sales Growth Amid Profitability Challenges for December Quarter
Apollo Finvest (India) has announced its financial results for the quarter ending December 2024, showing a significant year-on-year growth in net sales of Rs 14.85 crore. However, profit after tax declined to Rs 1.41 crore, indicating challenges in profitability despite strong sales performance.
Apollo Finvest (India), operating in the finance/NBFC sector, has recently reported its financial results for the quarter ending December 2024. The company has experienced a notable shift in its evaluation, with its score rising to 4 from 3 over the past three months. In terms of performance, Apollo Finvest reported net sales of Rs 14.85 crore for the half-yearly period, reflecting a significant year-on-year growth of 75.53%. This positive sales trend indicates a robust demand for the company's offerings. However, the financial results also reveal challenges, particularly in profit after tax (PAT), which stood at Rs 1.41 crore for the quarter. This figure represents a decline of 29.8% compared to the average PAT of Rs 2.01 crore from the previous four quarters, suggesting a concerning trend in profitability.
Overall, the financial results for Apollo Finvest highlight a mix of positive sales growth alongside challenges in profitability, leading to an adjustment in its evaluation.
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