Niyogin Fintech Reports Positive Performance in Q3 2024 Financial Results
Niyogin Fintech, a microcap finance company, has recently announced its financial results for the quarter ending September 2024. The company has shown a positive performance in this quarter, with a score of 12 compared to -2 in the previous quarter. This improvement can be attributed to various factors, as seen in the financials.One of the key highlights of Niyogin Fintech's financials is its strong operating cash flow. The company has consistently generated higher cash revenues from its business operations, with the latest figure standing at Rs -36.82 Cr. This is a significant improvement from the previous year and shows the company's ability to generate cash.
In terms of net sales, Niyogin Fintech has shown a growth of 44.1% over the average net sales of the previous four quarters. The latest quarterly net sales figure stands at Rs 72.52 Cr, which is the highest in the last five quarters. This indicates a positive trend in the company's sales performance in the near term.
Furthermore, the company's operating profit (PBDIT) for the quarter is also at its highest in the last five quarters, standing at Rs 1.32 Cr. This shows a positive trend in the company's operating profit in the near term. Additionally, the operating profit margin for the quarter is also at its highest in the last five quarters, at 1.82%. This indicates an improvement in the company's efficiency.
Overall, Niyogin Fintech has shown a strong financial performance in the quarter ending September 2024. However, it is important to note that MarketsMOJO has given a 'Strong Sell' call for the company's stock. Investors are advised to do their own research and make informed decisions before investing in the company.
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