Khandwala Securities Reports Growth in Profitability and Sales in Latest Financial Results

Feb 14 2024 07:05 PM IST
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Khandwala Securities, a microcap finance and NBFC, reported a flat performance in the quarter ending December 2023. However, the company's financial report shows an increase in PAT and sales for the nine-month period, indicating growth in profitability. Investors should monitor the company's future performance for potential opportunities.
Khandwala Securities, a microcap finance and non-banking financial company (NBFC), recently announced its financial results for the quarter ending December 2023. The company's stock has been given a 'Sell' call by MarketsMOJO, a leading financial analysis platform.

According to the financial report, Khandwala Securities has shown a flat performance in the quarter, with a score of 0 compared to -3 in the previous quarter. However, there are some positive aspects to the company's financials.

One of the key highlights is the increase in Profit After Tax (PAT) for the nine-month period, which stands at Rs 0.52 crore compared to the preceding 12-month period ending December 2023, where it was Rs 0.44 crore. This indicates a growth in profitability for the company. Additionally, in the nine-month period, Khandwala Securities has already surpassed its sales from the previous 12 months.

Despite the flat performance in the quarter, Khandwala Securities has shown promising growth in its financials. Investors should keep an eye on the company's future performance to make informed decisions.
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