Grovy India's Q3 financials show significant decline, MarketsMOJO advises 'Sell' on stock
The financial results for the quarter ending September 2024 have been declared by Grovy India, a microcap company in the finance/NBFC industry. According to the latest report, the company has seen a negative performance in this quarter, with the score remaining the same for the past three months.
Based on the financials of September 2024, Grovy India has reported a decline in its net sales by 71.58% year on year, standing at Rs 5.88 crore. This indicates a very negative trend in the near term for the company's sales. Similarly, the profit after tax (PAT) for the nine-month period has also seen a decline of 71.58% year on year, with a reported figure of Rs -0.19 crore. This reflects a negative trend in the near term for the company's profitability.
MarketsMOJO, a leading stock market analysis platform, has given a 'Sell' call for Grovy India's stock based on these financial results. The company's performance in this quarter has not been up to the mark, and it remains to be seen how it will fare in the coming months. Investors are advised to closely monitor the company's financials and market trends before making any investment decisions.
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