Croissance Ltd's Q3 Financials Show Positive Growth

Nov 11 2023 12:00 AM IST
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Croissance Ltd, a microcap real estate company, has reported a decline of 60.00% in net sales for the quarter ended September 2023. However, there was a significant improvement in consolidated net profit, which grew by 300.00%. Despite being rated as 'Strong Sell' by MarketsMojo, the company's operating cash flow and profitability have shown positive trends. Investors should monitor future financial results for informed decisions.
Croissance Ltd, a microcap real estate company, has recently announced its financial results for the quarter ended September 2023. The company's net sales for the quarter showed a decline of 60.00% compared to the previous quarter, but there was a significant improvement in its consolidated net profit, which grew by 300.00%. The operating profit (PBDIT) also showed a positive growth of 900.00% compared to the previous quarter.

The company's financial performance has been rated as 'Strong Sell' by MarketsMOJO, indicating a decline in its stock value. However, the company's operating cash flow has been consistently growing over the past three years, with the highest amount of Rs -0.05 Cr generated annually. This shows that the company has been able to generate higher cash revenues from its business operations.

In terms of profitability, Croissance Ltd has shown a higher profit after tax (PAT) of Rs 0.39 Cr in the nine-month period, compared to the previous 12-month period. This indicates a positive trend in the company's financials.

Overall, Croissance Ltd's financial performance for the quarter ended September 2023 has been flat, but there are some positive indicators such as the growth in operating cash flow and profitability. Investors should keep a close eye on the company's future financial results to make informed decisions.
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