Kiduja India Reports Positive Net Sales Growth, But Concerns Remain for PBT and PAT

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

According to the financial report, Kiduja India has shown positive performance in the quarter, with a score of 8 compared to 17 in the previous quarter. This is a significant improvement in just three months.

One of the key factors contributing to this positive performance is the company's net sales, which have grown by 311.04% year on year, reaching Rs 18.99 crore. This is a very encouraging trend for the company.

However, there are also some areas that need improvement. The company's Profit Before Tax (PBT) has fallen by -36.1% compared to the average PBT of the previous four quarters. This is a concerning trend in the near term.

Similarly, the Profit After Tax (PAT) has also fallen by -36.1% compared to the average PAT of the previous four quarters. This is another area that needs attention from the company.

Overall, Kiduja India has shown positive growth in its net sales, but there are some concerns regarding its PBT and PAT. Investors should keep a close eye on the company's financial performance in the coming quarters.