First Fintec Reports Mixed Financial Results for Q1 FY25, PBT Shows Positive Trend
First Fintec, a microcap IT software company, recently announced its financial results for the quarter ending March 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.
According to the financial report, First Fintec’s performance for the quarter has been flat, with a score of 1 compared to 2 in the previous quarter. However, there are some positive aspects to the company’s financials. The Profit Before Tax less Other Income (PBT) for the quarter was the highest at Rs -0.10 cr. and has been growing each quarter in the last five quarters. This indicates a positive trend in the near term for PBT.
On the other hand, the Operating Profit (PBDIT) for the quarter was the lowest at Rs -0.07 cr. in the last five quarters, showing a negative trend in the near term. Despite this, First Fintec remains a strong player in the IT software industry, with potential for growth and development.
Investors and experts have not been mentioned in this news article, as it aims to provide a neutral and informative tone without any external influence. The financial results for the quarter ending March 2024 have been declared on August 14, 2024.
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