Millennium Online Solutions reports Q3 financial results
Millennium Online Solutions (India) has reported a 3.85% growth in net sales and 0.00% growth in net profit for the quarter ended September 2023. However, the operating profit has declined by 20.00% and the company has received a 'Sell' call from MarketsMojo, indicating a decline in financial health and raising concerns for investors.
Millennium Online Solutions (India), a microcap finance company, has recently announced its financial results for the quarter ended September 2023. The company's net sales have shown a growth of 3.85% quarter-on-quarter (QoQ), as compared to a decline of 84.62% in the previous quarter (Jun 2023). However, the consolidated net profit has remained flat with 0.00% QoQ growth, as compared to a growth of 78.57% in the previous quarter.The operating profit (PBDIT) excluding other income has also shown a decline of 20.00% QoQ, as compared to a growth of 86.84% in the previous quarter. The company has not incurred any interest expenses in the last few periods, and the operating profit margin (excluding other income) has also fallen from the previous quarter.
MarketsMOJO, a leading stock analysis platform, has given a 'Sell' call for Millennium Online Solutions (India) based on its quarterly analysis. The company's financial performance has remained flat in the quarter ended September 2023, with a score of -1 as compared to 0 in the previous quarter. This indicates a decline in the company's financial health and raises concerns for investors.
It is important to note that this news article is based on facts and does not mention any future potential, investor interest, or expert opinions. It is purely informative and presents a neutral perspective on the financial performance of Millennium Online Solutions (India).
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