Purshottam Investofin reports positive sales growth, but areas for improvement remain

Purshottam Investofin, a microcap finance company, recently announced its financial results for the quarter ending June 2024. According to the report, the company has shown positive performance in this quarter, with a score of 11 out of 20. This is an improvement from the previous quarter's score of 20.

One of the key highlights of the financials is the increase in net sales, which reached a high of Rs 26.96 crore, the highest in the last five quarters. This is a positive trend for the company, indicating a growth of 36.1% over the average net sales of the previous four quarters. The near-term sales trend is also positive.

However, there are some areas that need improvement for Purshottam Investofin. The company's profit after tax (PAT) for this quarter was at Rs -0.11 crore, a decrease of 103.9% compared to the average PAT of the previous four quarters. The near-term trend for PAT is also negative. The operating profit (PBDIT) for this quarter was at its lowest in the last five quarters, and the operating profit margin has also decreased, indicating a decline in the company's efficiency.

Furthermore, the profit before tax less other income (PBT) for this quarter was at its lowest in the last five quarters, and the earnings per share (EPS) have also decreased. This shows a decline in profitability, which may not be favorable for shareholders.

Overall, Purshottam Investofin has shown positive sales growth in this quarter, but there are some areas that need improvement. Based on these financials, MarketsMOJO has given a 'Hold' call for the company's stock. Investors are advised to carefully consider these factors before making any investment decisions.