Mangalam Industrial Finance Shows Improved Profitability and Sales in Recent Financial Results

Jan 20 2024 06:00 PM IST
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Mangalam Industrial Finance's financial results for the quarter ended December 2023 show a flat performance with a score of 1 out of 5. However, the company's Profit After Tax has significantly improved in the nine-month period, indicating potential for growth and improvement in the future. Investors should monitor the company's financial performance.
Mangalam Industrial Finance, a microcap finance company, recently announced its financial results for the quarter ended December 2023. The company's stock has been given a 'Sell' call by MarketsMOJO, indicating a negative outlook for investors.

Despite this, the company has shown a flat financial performance for the quarter, with a score of 1 out of 5, compared to 2 in the previous quarter. However, there are some positive aspects to the financials of Mangalam Industrial Finance.

One of the highlights is the company's Profit After Tax (PAT) for the nine-month period, which has increased to Rs 0.27 crore from the preceding 12-month period ended December 2023, which had a PAT of Rs -5.01 crore. This shows a significant improvement in the company's profitability. Additionally, in the nine-month period, the company has already surpassed its sales from the previous 12 months.

While the stock may not be performing well currently, these financial results indicate potential for growth and improvement in the future. Investors should keep an eye on Mangalam Industrial Finance and its future financial performance.
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