Glance Finance Reports Mixed Q3 Results Amid Strong Sales Growth and Profit Challenges

Glance Finance, a microcap player in the finance/NBFC sector, has recently reported its financial results for the quarter ending December 2024. The results indicate a mixed performance, with notable developments in certain areas while facing challenges in others.
On a positive note, Glance Finance's net sales for the half-yearly period reached Rs 19.29 crore, reflecting a significant year-on-year growth of 71.93%. This upward trend in sales suggests a robust demand for the company's offerings. Additionally, the profit after tax (PAT) for the nine-month period stood at Rs 2.30 crore, surpassing the Rs 1.95 crore recorded in the previous twelve months, indicating a strong sales performance relative to prior periods.

Conversely, the company has encountered difficulties in its operating profit, which has fallen to Rs 2.25 crore, marking the lowest figure in the last five quarters. Similarly, the profit before tax (PBT) has also reached a low of Rs 0.56 crore during the same timeframe. Furthermore, earnings per share (EPS) have declined to Rs 1.80, reflecting a reduction in profitability for shareholders.

In light of these results, Glance Finance has experienced an adjustment in its evaluation, with its score reflecting these recent developments.

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