Sakthi Finance Reports Flat Performance in Q1, But Shows Promising Growth Potential
Sakthi Finance, a microcap finance company, has reported a flat performance in the quarter ending June 2024, with a decrease in overall score from 9 to 2 in the last 3 months. However, the company's Profit After Tax has shown a significant increase of 23.26% compared to the previous year, indicating potential for further growth.
Sakthi Finance, a microcap finance company, has recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO, a leading financial analysis platform.According to the financial report, Sakthi Finance has shown a flat performance in the quarter ending June 2024. The company's overall score has decreased from 9 to 2 in the last 3 months. However, there are some positive aspects to the company's financials.
One of the key highlights is the growth in Profit After Tax (PAT) for the nine-month period, which stands at Rs 12.40 crore. This represents a significant increase of 23.26% compared to the previous year. The near-term trend for PAT is also positive, indicating a potential for further growth.
Sakthi Finance operates in the finance and non-banking financial company (NBFC) industry, catering to the needs of micro and small businesses. Despite the current flat performance, the company's financials show promising growth potential. Investors and stakeholders can keep an eye on Sakthi Finance as it continues to navigate through the challenging economic landscape.
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