Ganges Securities shows positive financial performance in Q3, with highest net sales and profits in 5 quarters

Ganges Securities, a microcap finance company, has recently announced its financial results for the quarter ending September 2024. The company has shown positive performance in this quarter, with a score of 6 out of 10, an improvement from the previous quarter's score of 5.

According to the financials, Ganges Securities has achieved its highest net sales in the last five quarters, with a total of Rs 15.16 crore. The company's operating profit (PBDIT) has also seen a positive trend, reaching its highest at Rs 8.94 crore in the same period. Similarly, the profit before tax (PBT) and profit after tax (PAT) have also shown an upward trend, with the highest figures of Rs 8.74 crore and Rs 7.22 crore respectively in the last five quarters. This indicates that the company has been able to increase its profitability and create higher earnings for its shareholders.

However, there are some areas that need improvement for Ganges Securities. The company's operating cash flow has been consistently decreasing over the last three years, with the lowest figure of Rs -5.86 crore in the last year. Additionally, the company's short-term liquidity has also deteriorated, with the lowest cash and cash equivalents of Rs 24.00 crore in the last six half-yearly periods.

Despite these challenges, MarketsMOJO has given a 'Hold' call for Ganges Securities' stock. This indicates that while the company's financial performance is positive, there are some areas that need to be addressed for sustained growth. Investors are advised to hold onto their stocks and monitor the company's progress in the upcoming quarters.