Greencrest Finan Reports Strong Financial Performance in Q1 FY25
Greencrest Financial Services, a microcap finance company, has recently announced its financial results for the quarter ending March 2024. The company’s stock has been given a ‘Strong Sell’ rating by MarketsMOJO.
Despite the negative outlook from MarketsMOJO, Greencrest Finan has shown a positive financial performance in the quarter ending June 2024. The company’s score has improved from -6 to 18 in the last 3 months, indicating a significant growth.
One of the key factors contributing to this growth is the increase in net sales, which has grown by 211.16% year on year to reach Rs 21.47 crore. This is the highest net sales recorded by the company in the last five quarters, indicating a positive trend in the near term.
Another positive aspect of Greencrest Finan’s financials is the growth in Profit Before Tax less Other Income (PBT), which has increased by 133.12% year on year to reach Rs 3.59 crore. Similarly, the company’s Profit After Tax (PAT) has also shown a significant growth of 138.8% year on year, reaching Rs 2.77 crore.
Overall, Greencrest Financial Services has shown a strong financial performance in the quarter ending June 2024. The company’s net sales, PBT, and PAT have all shown positive trends, indicating a promising future for the microcap finance company.
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