Ashirwad Capital Reports Promising Growth in PAT and Sales for Q1 FY25
Ashirwad Capital, a microcap finance company, has recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO, indicating a decline in its financial performance.
According to the financial report, Ashirwad Capital has seen a flat performance in the quarter, with a score of 1 out of 3. This is a decrease from the previous quarter’s score of 3. However, there are some positive aspects to the company’s financials.
One of the key highlights is the increase in Profit After Tax (PAT) for the nine-month period, which stands at Rs 1.24 crore compared to the preceding 12-month period of Rs 0.75 crore. This indicates a growth in the company’s profitability. Additionally, the company has already surpassed its sales from the previous 12 months in just nine months.
While the overall financial performance may not be as strong as expected, Ashirwad Capital’s PAT and sales figures show promising growth. Investors should keep an eye on the company’s future financial reports to see if this trend continues.
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