Arshiya's Q3 financials show steady growth

Nov 10 2023 12:00 AM IST
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Arshiya, a microcap logistics company, has reported a 12.04% increase in net sales and a 47.01% increase in consolidated net profit for the quarter ended September 2023. The operating profit also showed a strong growth of 186.70%. However, the company's interest expenses and debt-equity ratio have been on the rise, while its operating profit margin has improved. Investors should carefully consider these factors before making any investment decisions.

Arshiya, a microcap logistics company, has recently declared its financial results for the quarter ended September 2023. The company's net sales for the quarter showed a growth of 12.04% compared to the previous quarter, while its consolidated net profit saw a significant increase of 47.01%. The operating profit (PBDIT) also showed a strong growth of 186.70% compared to the previous quarter.

The company's interest expenses also saw a slight increase of 3.21% compared to the previous quarter. However, the operating profit margin (excluding other income) showed an improvement from the previous quarter.

According to MarketsMOJO, a leading stock analysis platform, the stock call for Arshiya is currently 'Strong Sell'. However, the company's financial performance for the quarter has improved from the previous quarter, with a score of 3 compared to -22.

Some of the positive aspects of Arshiya's financial performance for the quarter include its strong operating cash flow, which has been growing each year for the past three years. The company also has a high operating profit to interest ratio, indicating its ability to manage interest payments. Additionally, its net sales for the quarter were the highest in the past five quarters, showing a positive sales trend.

On the other hand, the company's debt-equity ratio has been increasing each half-yearly period, indicating a higher reliance on borrowing to fund its operations. The interest expenses have also been on the rise, which could be a cause for concern.

Overall, Arshiya's financial performance for the quarter ended September 2023 has been flat, but with some positive trends. Investors should carefully consider these factors before making any investment decisions.
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