Glance Finance Reports Strong Growth in Net Sales and Operating Cash Flow in Q2 2024
Glance Finance, a microcap finance company, has recently announced its financial results for the quarter ending September 2024. The company has received a 'Hold' call from MarketsMOJO, a leading financial analysis platform.According to the financial report, Glance Finance has shown a positive performance in the second quarter of the fiscal year 2024-2025. The company's score has remained consistent in the last three months, indicating a stable financial position.
One of the key highlights of the financial report is the significant growth in net sales. Glance Finance has recorded a growth of 139.09% in net sales on a year-on-year basis, with a total of Rs 16.88 crore in the first half of the fiscal year. This positive sales trend is a promising sign for the company's future growth.
Another positive aspect of Glance Finance's financials is its strong operating cash flow. The company has generated a cash flow of Rs 11.57 crore annually, which has been consistently growing over the past three years. This indicates that the company has been able to generate higher revenues from its business operations.
In terms of profitability, Glance Finance has shown a positive trend in its profit after tax (PAT) in the last five quarters. The company's PAT for the quarter ending September 2024 was the highest at Rs 0.98 crore. Additionally, the earnings per share (EPS) for the same quarter was also the highest at Rs 4.30, indicating an increase in profitability and higher earnings for shareholders.
Overall, Glance Finance's financial results for the quarter ending September 2024 have been positive, with a stable score and strong growth in net sales and operating cash flow. With a 'Hold' call from MarketsMOJO, the company is expected to continue its positive performance in the near future.
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