Niyogin Fintech's Q3 Financial Results: Mixed Performance

Niyogin Fintech, a microcap finance company, recently declared its financial results for the quarter ended September 2023. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the quarterly analysis, Niyogin Fintech has shown a 5.06% growth in net sales compared to the previous quarter, which was at 33.00%. However, the consolidated net profit has seen a decline of 41.13% in the same period. The operating profit (PBDIT) excluding other income has also decreased by 63.81%. On the positive side, the interest has shown a growth of 35.44%.

The company's operating profit margin (excluding other income) has fallen from the previous quarter. However, Niyogin Fintech has shown a positive financial performance in the quarter of September 2023, with a score of 8 compared to 7 in the last 3 months.

The company's net sales in the quarter have grown by 46.4% compared to the average net sales of the previous four quarters. The cash and cash equivalents have also shown improvement, with the highest amount of Rs 114.01 crore in the last six half-yearly periods.

On the other hand, the profit after tax (PAT) has seen a decline of 47.8% compared to the average PAT of the previous four quarters. The profit before tax (PBT) has also decreased and is at its lowest in the last five quarters. The earnings per share (EPS) have also shown a decline, indicating lower profitability for shareholders.

Overall, Niyogin Fintech has shown positive growth in net sales and cash reserves, but the decline in profits is a cause for concern. Investors should carefully analyze the company's financials before making any investment decisions.