Nahar Capital & Financial Services Reports Strong Financial Performance in Q3 2024

Nov 14 2024 04:58 PM IST
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Nahar Capital & Financial Services, a microcap finance company, has reported a positive financial performance in the quarter ending September 2024. The company's net sales and profit before tax have shown significant growth compared to the previous quarter. However, the high non-operating income raises concerns about the sustainability of the business model.

Nahar Capital & Financial Services, a microcap finance company, has recently declared its financial results for the quarter ending September 2024. The company has shown a very positive performance in this quarter, with a score of 28 compared to 13 in the previous quarter.

According to the financials, Nahar Capital has seen a significant growth in its net sales, which has increased by 125.6% to Rs 11.66 crore from the average net sales of the previous four quarters. This shows a very positive trend in the company's sales performance in the near term. The profit before tax (PBT) has also shown a remarkable growth of 882.9% to Rs 6.88 crore from the average PBT of the previous four quarters. This indicates a strong financial performance in the near term.

The company's operating cash flow has been consistently growing in the last three years, with the highest at Rs -10.67 crore. This shows that the company has been generating higher cash revenues from its business operations. The profit after tax (PAT) has also shown a positive trend, with a growth of 63.0% to Rs 10.43 crore from the average PAT of the previous four quarters.

In terms of sales and operating profit, Nahar Capital has shown its highest performance in the last five quarters, with net sales at Rs 11.66 crore and operating profit (PBDIT) at Rs 9.01 crore. This indicates a positive trend in the company's sales and operating profit in the near term. The operating profit margin has also improved, with the highest at 77.27% in the last five quarters, showing an increase in the company's efficiency.

However, the non-operating income of the company is 51.17% of the profit before tax, which is a concern as it indicates a high income from non-business activities. This may not be a sustainable business model for the company.

Overall, Nahar Capital & Financial Services has shown a strong financial performance in the quarter ending September 2024. However, investors should carefully consider all the financial aspects before making any investment decisions.
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