Qgo Finance Reports Flat Performance in Q2, But Shows Growth in Sales and Profitability

Nov 07 2024 04:46 PM IST
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Qgo Finance, a microcap finance company, has reported a flat performance in the second quarter of fiscal year 2024-2025. However, its net sales for the half-yearly period have shown a positive trend, growing by 22.96% year on year. The company's profit after tax has also increased, indicating potential growth in the near future.
Qgo Finance, a microcap finance company, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Sell' call by MarketsMOJO, indicating a decline in its financial performance.

According to the financial report, Qgo Finance has experienced a flat performance in the second quarter of the fiscal year 2024-2025. The company's score has dropped from 11 to 5 in the last three months.

However, there are some positive aspects to Qgo Finance's financials for the quarter. The company's net sales for the half-yearly period have grown by 22.96% year on year, reaching Rs 8.30 crore. This indicates a positive trend in the company's sales in the near term. Additionally, the company's profit after tax for the nine-month period is higher at Rs 2.51 crore compared to the previous 12-month period ending in September 2024, which was Rs 2.22 crore. This shows a growth in the company's profitability.

Qgo Finance operates in the finance and non-banking financial company (NBFC) industry, catering to the needs of microcap businesses. The company's financial results for the quarter ending September 2024 provide valuable insights into its performance and potential growth. Investors and stakeholders can use this information to make informed decisions about their investments in Qgo Finance.
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