Odyssey Corporation Reports December 2024 Results: Sales Surge Amid Profitability Concerns
Odyssey Corporation reported its financial results for the quarter ending December 2024, showcasing net sales of Rs 13.87 crore, a year-on-year growth of 152.18%. However, the profit after tax declined by 50%, and a significant portion of profit before tax came from non-operating income, raising sustainability concerns.
Odyssey Corporation, a microcap player in the finance/NBFC sector, recently announced its financial results for the quarter ending December 2024. The results reflect a notable shift in the company's evaluation, with the score moving to 0 from -2 over the past three months.The financial data reveals that Odyssey Corporation achieved net sales of Rs 13.87 crore, marking a significant year-on-year growth of 152.18%. This figure represents the highest quarterly sales recorded in the last five quarters, indicating a positive near-term sales trend.
However, the results also highlight challenges for the company. The profit after tax (PAT) for the quarter stood at Rs 0.12 crore, reflecting a year-on-year decline of 50%. Additionally, the non-operating income constituted 483.33% of profit before tax (PBT), suggesting a reliance on income from non-business activities, which raises concerns about the sustainability of its business model.
Overall, Odyssey Corporation's recent financial results indicate a complex landscape of growth in sales juxtaposed with significant challenges in profitability and income sustainability.
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