Credent Global Finance Reports Flat Performance for Q2 FY25, Net Sales Show Strong Growth
Credent Global Finance, a microcap finance company, recently announced its financial results for the quarter ending September 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.
According to the financial report, Credent Global’s performance for the quarter was flat, with a score of -1. However, there has been an improvement from the previous quarter’s score of -19.
One positive aspect of the company’s financials is its net sales for the half-yearly period, which have grown by 77.01% year on year, reaching Rs 8.16 crore. This indicates a strong sales trend in the near term.
On the other hand, the company’s profit after tax (PAT) for the nine-month period has decreased by -36.94% year on year, amounting to Rs -7.49 crore. This shows a negative trend in the near term for PAT.
Credent Global Finance operates in the finance and non-banking financial company (NBFC) industry. As a microcap company, it caters to a niche market and may have limited resources compared to larger players in the industry. Investors should carefully consider the company’s financial performance before making any investment decisions.
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