Ashika Credit Capital Reports Strong Financial Performance in Q3 2024

Ashika Credit Capital, a smallcap finance company, has recently announced its financial results for the quarter ended September 2024. The company has shown a very positive performance in this quarter, with a score of 24 out of 26, which is an improvement from the previous quarter.

According to the financials, Ashika Credit has seen a significant growth in its net sales, which have increased by 216.55% year on year. This is a very positive trend for the company. The profit before tax (PBT) has also shown a growth of 102.1% over the average PBT of the previous four quarters. The profit after tax (PAT) has also increased by 77.2% over the average PAT of the previous four quarters. This indicates a very positive trend in the near term for the company.

The company's net sales for the half-yearly period have also surpassed the sales of the previous twelve months, which is a strong indication of its growth. However, the operating cash flow for the company has been the lowest in the last three years, which is a concern as it shows a decline in cash revenues from business operations.

MarketsMOJO has given a 'Hold' call for Ashika Credit's stock, based on its financial performance. Overall, the company has shown a positive trend in its financials for the quarter ended September 2024. Investors may want to keep an eye on the company's cash flow in the coming months to ensure its sustainability.