Credent Global Finance Reports Mixed Results for Q1 FY25, PAT Shows Significant Growth

Aug 16 2024 09:04 AM IST
share
Share Via
Credent Global Finance, a microcap finance company, has reported a negative performance in the quarter ended March 2024, with a -9 score compared to 8 in the previous quarter. However, the company's Profit After Tax has shown a significant growth of 137.7%, indicating potential for future growth. The Net Sales have declined by -55.41% YoY, reflecting a negative trend in the near term.

Credent Global Finance, a microcap finance company, recently announced its financial results for the quarter ended March 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.

According to the financial report, Credent Global has seen a negative performance in the quarter, with a score of -9 compared to 8 in the previous quarter. However, there are some positive aspects to the company’s financials. The Profit After Tax (PAT) for the quarter has shown a significant growth of 137.7% compared to the average PAT of the previous four quarters. This is a promising sign for the company’s future.


On the other hand, the Net Sales for the half-yearly period have shown a decline of -55.41% Year on Year (YoY). This indicates a negative trend in the company’s sales in the near term.


Credent Global Finance operates in the finance and non-banking financial sector, catering to the needs of microcap businesses. The company’s financial results for the quarter reflect its current performance and provide insights for potential investors. However, it is important to note that this article is based on facts and does not include any external data or recommendations.


{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News