Qgo Finance Reports Positive Growth in Financial Performance for Q1 2024

May 13 2024 02:45 PM IST
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Qgo Finance, a microcap finance company, has reported positive financial results for the quarter ending March 2024. The company's operating profit and profit before tax have consistently increased in the last five quarters, indicating a strong financial position. Sales have also shown a growth of 21.87% year on year, and earnings per share have consistently increased.
Qgo Finance, a microcap finance company, has recently announced its financial results for the quarter ending March 2024. The company has shown positive growth in its financial performance, with its score improving from 11 to 12 in the last three months.

One of the key factors contributing to this growth is the company's operating profit (PBDIT), which has been the highest at Rs 3.42 crore and has shown consistent growth in the last five quarters. This trend is expected to continue in the near term.

Similarly, the company's profit before tax (PBT) less other income has also shown a positive trend, with the highest at Rs 0.93 crore and growth in each of the last five quarters. This indicates a strong financial position and a positive outlook for the company.

Qgo Finance's profit after tax (PAT) has also seen a significant increase, with the highest at Rs 0.88 crore and growth in each of the last five quarters. This reflects the company's efficient management and strong financial performance.

In terms of sales, Qgo Finance has shown a growth of 21.87% year on year (YoY) with net sales of Rs 7.30 crore in the last half-yearly period. This positive trend in sales is expected to continue in the near term.

Furthermore, the company's earnings per share (EPS) have been consistently increasing, with the highest at Rs 1.27 in the last five quarters. This indicates that Qgo Finance has been able to generate higher earnings for its shareholders.

Overall, Qgo Finance has shown a strong financial performance in the quarter ending March 2024, with positive trends in key financial indicators. This reflects the company's potential for growth and stability in the finance industry.
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