Apoorva Leasing Reports Mixed Financial Results for Q4 2023

Apoorva Leasing Finance & Investment Co, a microcap finance company, recently announced its financial results for the quarter ending December 2023. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Apoorva Leasing's performance for the quarter has remained flat. However, there has been an improvement in the company's score, which has increased from -2 to 4 in the last three months.

The company's operating profit (PBDIT) for the quarter was the highest in the last five quarters at Rs 0.83 crore. The near-term trend for operating profit is positive. Similarly, the profit before tax less other income (PBT) was also the highest in the last five quarters at Rs 0.83 crore, with a positive trend in the near term. The profit after tax (PAT) for the quarter was also the highest in the last five quarters at Rs 0.89 crore, with a positive trend in the near term. This shows that the company has been able to increase its profitability and create higher earnings for its shareholders.

However, the company's cash and cash equivalents for the half-yearly period were the lowest in the last six periods at Rs 0.48 crore. This indicates a deteriorating short-term liquidity for the company.

Overall, Apoorva Leasing's financial performance for the quarter ending December 2023 has been mixed, with some positive and negative trends. Investors should carefully consider these factors before making any investment decisions.