Moongipa Capital Finance Reports Strong Q3 FY24-25 Results Amid Evaluation Adjustments
Moongipa Capital Finance has announced its financial results for the third quarter of FY24-25, revealing a year-on-year growth in net sales of 21.34% to Rs 7.79 crore. The Profit After Tax for the nine-month period ending December 2024 increased to Rs 1.92 crore, surpassing last year's figures.
Moongipa Capital Finance, a microcap player in the finance and non-banking financial company (NBFC) sector, has released its financial results for the third quarter of FY24-25. The results, announced on January 20, 2025, show a notable adjustment in evaluation, with the company's score reflecting a change over the past three months.While the overall performance appears stable, there are positive indicators in the company's financials for the nine-month period ending December 2024. Net sales reached Rs 7.79 crore, marking a year-on-year growth of 21.34%. This trend in sales suggests a favorable near-term outlook for the company. Additionally, the Profit After Tax (PAT) for the same period was Rs 1.92 crore, which is an increase compared to the Rs 1.74 crore recorded in the previous twelve months. Remarkably, Moongipa Capital has already surpassed its sales figures from the preceding year within just nine months.
In summary, the recent financial results highlight some encouraging developments amidst the overall evaluation changes.
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