India's Apollo Finvest Reports Mixed Financial Results for Q3 2024

Nov 12 2024 05:03 PM IST
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Apollo Finvest, a microcap finance company in India, reported a flat performance for the quarter ending September 2024, with a score of 3 out of 5. While net sales and operating profit showed positive trends, profit after tax and operating cash flow declined. Investors should carefully evaluate these factors before investing.

Apollo Finvest, a microcap finance company in India, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Apollo Finvest's performance for the quarter was flat, with a score of 3 out of 5, showing a slight improvement from the previous quarter's score of 2. However, there are some positive aspects to the company's financials.

One of the highlights is the net sales for the first half of the year, which have grown by 71.97% year on year, reaching Rs 14.48 crore. This shows a very positive trend in the company's sales in the near term. Additionally, the operating profit for the quarter was the highest in the last five quarters, at Rs 3.84 crore, indicating a positive trend in the near term.

On the other hand, the profit after tax for the first nine months of the year has shown a decline of -21.92% year on year, reaching Rs 5.52 crore. This indicates a negative trend in the near term for the company's profitability. Furthermore, the operating cash flow for the year has been the lowest in the last three years, at Rs -35.87 crore, showing a decline in the company's cash revenues from business operations.

Overall, Apollo Finvest's financial performance for the quarter has been mixed, with some positive and negative aspects. Investors should carefully consider these factors before making any investment decisions.
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