Comfort Fincap's Q3 Financial Results Show Growth

Comfort Fincap, a microcap finance 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 9.94% compared to the previous quarter, while the consolidated net profit grew by 8.61%. The operating profit (PBDIT) excluding other income also saw a growth of 9.52%, indicating a positive trend in the company's financial performance.
However, the interest expenses for the quarter increased by 14.93%, which could have impacted the operating profit margin (excluding other income) that fell from the previous quarter. Despite this, Comfort Fincap's overall financial performance has improved from a score of 1 to 4 in the last three months.

One of the key factors contributing to the company's success is its strong operating cash flow, which has been consistently high at Rs 27.23 crore in the last three years. Additionally, the company's profit before tax (PBT) without other income has also shown a positive trend, with the highest recorded at Rs 2.21 crore in the last five quarters. The profit after tax (PAT) for the quarter also saw a positive trend, with the highest recorded at Rs 1.64 crore in the last five quarters.

Overall, Comfort Fincap's financial results for the quarter ended September 2023 have shown a positive trend, indicating a stable and growing business. Investors can keep an eye on the company's future performance to make informed decisions.