Rita Finance Reports Positive Growth in Q3

Rita Finance and Leasing, a microcap finance company, recently announced its financial results for the quarter ended September 2023. The company reported a 34.62% increase in net sales compared to the previous quarter, while standalone net profit saw a growth of 35.29%. Operating profit (PBDIT) excluding other income also showed a positive growth of 30.43% in the same period.

However, according to MarketsMOJO, a leading stock analysis platform, the stock call for Rita Finance is currently 'Strong Sell'. This is based on their analysis of the company's financial performance in the last quarter.

Despite this, Rita Finance has seen a slight improvement in its overall financial score, which has increased from 1 to 5 in the last 3 months. This indicates that the company's financial performance has been relatively stable.

Looking at the company's financials for the quarter, there are a few positive trends to note. Operating profit (PBDIT) for the quarter was the highest in the last five quarters, indicating a positive trend in the near term. Similarly, profit before tax (PBT) and profit after tax (PAT) also showed positive growth, with the highest figures in the last five quarters.

In terms of earnings per share (EPS), Rita Finance has shown an increasing trend, with the highest figure in the last five quarters. This indicates that the company has been able to generate higher earnings for its shareholders.

Overall, while the stock call for Rita Finance may be 'Strong Sell' at the moment, the company's financial performance for the quarter ended September 2023 shows some positive trends. Investors may want to keep an eye on the company's future financial results to make informed decisions.