Nam Securities Reports Positive Q1 Results, Shows Growth in Net Sales and Profitability
Nam Securities, a microcap finance company, has reported a positive financial performance in the quarter ended March 2024. The company's net sales have increased by 25.4% and its profit after tax has also shown a steady growth. This showcases the company's resilience and potential for future growth.
Nam Securities, a microcap finance company, has recently announced its financial results for the quarter ended March 2024. The company has shown a positive performance in this quarter, with its score increasing from 15 to 10 in the last three months according to MarketsMOJO's stock call of 'Sell'.One of the key factors contributing to this positive performance is the company's net sales, which have grown by 25.4% to Rs 30.48 crore compared to the average net sales of the previous four quarters at Rs 24.30 crore. This indicates a positive trend in the company's sales in the near term.
Moreover, Nam Securities has also shown a higher profit after tax (PAT) of Rs 0.08 crore in the nine-month period, compared to the preceding 12-month period ended March 2024 at Rs 0.07 crore. This indicates a steady growth in the company's profitability.
As a microcap finance company, Nam Securities has been able to maintain a positive financial performance in the current quarter, despite the challenging economic conditions. This showcases the company's resilience and potential for growth in the future. Investors can keep an eye on the company's performance in the upcoming quarters to make informed decisions.
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