Comfort Intech Reports Q3 FY24-25 Results Amidst Mixed Financial Performance
Comfort Intech has announced its financial results for Q3 FY24-25, reporting net sales of Rs 90.23 crore, a 24.25% year-on-year increase. However, profit after tax declined to Rs 8.93 crore, down 24.96% from the previous year, highlighting concerns about the company's financial stability and reliance on non-operating income.
Comfort Intech, a microcap company operating in the finance and non-banking financial company (NBFC) sector, has released its financial results for the third quarter of FY24-25. The company has experienced an adjustment in its evaluation, reflecting a notable shift in its overall financial assessment.For the half-year period ending December 2024, Comfort Intech reported net sales of Rs 90.23 crore, which indicates a year-on-year growth of 24.25%. This development in sales points to some resilience in the company's revenue generation capabilities.
Conversely, the company's profit after tax (PAT) has shown a downturn, with a reported figure of Rs 8.93 crore, representing a year-on-year decline of 24.96%. This trend in profitability raises questions regarding the company's financial stability. Furthermore, it is noteworthy that non-operating income constituted 46.09% of profit before tax (PBT), suggesting a reliance on income from non-business activities, which may not be sustainable over the long term.
In light of these results, Comfort Intech's evaluation has undergone a revision, reflecting the complexities of its financial landscape.
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