Cubical Financial Services Reports Positive Half-Yearly Profit, Despite 'Sell' Call by MarketsMOJO

Jan 12 2024 08:55 PM IST
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Cubical Financial Services, a microcap finance company, has reported a flat performance in the quarter ended September 2023, with a score of 2 out of 5. However, the company's Profit After Tax has shown a significant improvement, increasing from Rs -0.29 crore to Rs 0.38 crore in just six months. Despite a 'Sell' call by MarketsMojo, the company's efficient management and strategic decisions have contributed to its positive financial trend.
Cubical Financial Services, a microcap finance company, has recently announced its financial results for the quarter ended September 2023. The company's stock has been given a 'Sell' call by MarketsMOJO, indicating a decline in its financial performance.

According to the financial report, Cubical Finan has seen a flat performance in the quarter, with a score of 2 out of 5. This is a decrease from the previous quarter's score of 5. However, there are some positive aspects to the company's financials.

One of the highlights is the Profit After Tax (PAT) for the half-yearly period, which has increased to Rs 0.38 crore from the preceding 12-month period ended September 2023 of Rs -0.29 crore. This shows a significant improvement in the company's profitability in just six months.

In fact, the company has already surpassed its PAT for the previous 12 months in just half a year, indicating a positive trend in its financials. This could be attributed to the company's efficient management and strategic decisions.

Despite the 'Sell' call by MarketsMOJO, Cubical Financial Services has shown promising results in its financials for the quarter ended September 2023. Investors and stakeholders can keep an eye on the company's future performance to make informed decisions.
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