KIFS Financial Services Reports Decline in Q1 FY25 Financial Results
KIFS Financial Services, a microcap finance company, recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.
According to the financial report, KIFS Financial’s performance for the quarter has been flat, with a score of 2 compared to 17 in the previous 3 months. This indicates a decline in the company’s overall financial health.
One of the major factors contributing to this decline is the net sales, which have fallen by 28% to Rs 8.39 crore compared to the average net sales of the previous four quarters, which was Rs 11.66 crore. This shows a negative trend in the company’s sales in the near term.
Similarly, the profit after tax (PAT) for the quarter has also decreased by 15.2% to Rs 1.51 crore compared to the average PAT of the previous four quarters, which was Rs 1.78 crore. This indicates a negative trend in the company’s profitability in the near term.
Overall, the financial results for the quarter ending June 2024 have not been favorable for KIFS Financial Services. Investors are advised to take note of these numbers and make informed decisions regarding their investments in the company.
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