Inter Globe Finance Reports December 2024 Results, Highlighting Sales Growth Amid Profit Decline
Inter Globe Finance has announced its financial results for the quarter ending December 2024, showcasing a notable increase in net sales to Rs 113.90 crore. However, the company faced challenges with negative profit figures and a decline in operational efficiency, indicating a mixed performance in the microcap finance sector.
Inter Globe Finance has recently reported its financial results for the quarter ending December 2024, revealing a complex picture of performance within the microcap finance sector. The company's net sales reached Rs 113.90 crore, reflecting a significant growth of 74.1% compared to the average of the previous four quarters. This marks the highest sales figure recorded in the last five quarters, indicating a positive near-term sales trend.However, the financial results also highlight several challenges for Inter Globe Finance. The profit before tax less other income (PBT) stood at Rs -6.68 crore, which represents a notable decline compared to the average PBT of Rs 1.33 crore from the previous four quarters. Similarly, the profit after tax (PAT) was reported at Rs -5.28 crore, a significant drop from the average PAT of Rs 2.23 crore. The operating profit margin also reached its lowest point at -5.50%, suggesting a deterioration in the company's operational efficiency.
In light of these results, Inter Globe Finance has experienced an adjustment in its evaluation, with its score reflecting these recent developments.
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