Kalyani Investment Company Reports Strong Q1 Results, Receives 'Hold' Rating from MarketsMOJO

Aug 06 2024 05:49 PM IST
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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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