Kalyani Investment Company Reports Strong Q1 Results, Receives 'Hold' Rating from MarketsMOJO
The company has shown strong growth in net sales and cash reserves, but needs to address the decline in quarterly PAT.
Kalyani Investment Company, a smallcap finance and non-banking financial company (NBFC), has recently announced its financial results for the quarter ended June 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.
According to the financial report, Kalyani Investment Company has shown positive performance in the quarter, with a score of 11 compared to 16 in the previous quarter. This is a significant improvement in the company's financials.
One of the key factors contributing to this positive performance is the net sales, which have grown by 273.51% year on year to reach Rs 25.10 crore. This is a strong indication of the company's sales trend, which is currently very positive. Additionally, the company's cash and cash equivalents have also seen a significant increase, reaching the highest level of Rs 182.55 crore in the last six half-yearly periods. This shows an improvement in the company's short-term liquidity.
However, there are also some areas that need improvement, as seen in the quarterly profit after tax (PAT) which has fallen by -76.2% compared to the average PAT of the previous four quarters. This is a near-term negative trend that the company needs to address.
Overall, Kalyani Investment Company has shown promising financial results for the quarter ended June 2024. With a 'Hold' call from MarketsMOJO, investors may want to keep an eye on the company's future performance.
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