Qgo Finance Reports Impressive Financial Results for Q1 FY25

Jul 29 2024 02:31 PM IST
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Qgo Finance, a microcap finance company, has reported a 76.81% YoY increase in Profit After Tax for the nine-month period, reaching Rs 2.44 crore. The company's Operating Profit and Profit Before Tax have also shown consistent growth in the last five quarters. Net sales have increased by 23.23% YoY, indicating the company's ability to generate revenue. Qgo Finance's strong financial performance reflects its efficient management and potential for growth in the finance industry.

Qgo Finance, a microcap finance company, has recently announced its financial results for the quarter ended June 2024. The company has shown positive performance in this quarter, with a steady score in the last three months.

One of the key highlights of Qgo Finance’s financials is its Profit After Tax (PAT) for the nine-month period, which has grown by 76.81% year on year (YoY) to reach Rs 2.44 crore. This is a significant increase and reflects the company’s strong financial management. The near-term trend for PAT is also very positive.


Another positive aspect of Qgo Finance’s financials is its Operating Profit (PBDIT) for the quarter, which is the highest at Rs 3.68 crore and has shown growth in each of the last five quarters. This indicates the company’s consistent and sustainable growth in its operations. The near-term trend for Operating Profit is also quite positive.


Qgo Finance’s Profit Before Tax less Other Income (PBT) for the quarter is also the highest at Rs 1.17 crore and has shown growth in each of the last five quarters. This further reinforces the company’s strong financial performance. The near-term trend for PBT is also very positive.


In terms of sales, Qgo Finance has shown a growth of 23.23% YoY in its net sales for the half-year period, reaching Rs 7.85 crore. This is a positive trend and reflects the company’s ability to generate revenue. Additionally, the PAT for the nine-month period is higher at Rs 2.44 crore compared to the preceding 12-month period ended June 2024, which was Rs 1.96 crore. This shows that the company has already surpassed its sales from the previous year in just nine months.


Overall, Qgo Finance has shown a strong financial performance in the quarter ended June 2024, with positive trends in key financial indicators. This reflects the company’s efficient management and growth potential in the finance industry. Investors should take note of Qgo Finance’s performance and keep an eye on its future developments.


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