SG Finserve's Q3 Results Show Remarkable Growth, Attracting Attention from Investors

SG Finserve, a smallcap finance company, has recently announced its financial results for the quarter ending December 2023. The company has shown an outstanding performance with a score of 40, which is an improvement from its previous score of 32 in the last 3 months.

One of the key highlights of the financials is the significant growth in net sales, which has increased by 321.37% year on year (YoY) to Rs 52.46 crore. This is a very positive trend for the company in the near term. Similarly, the profit before tax less other income (PBT) has also shown a remarkable growth of 358.64% YoY to Rs 28.94 crore, indicating a very positive trend in the near term. The profit after tax (PAT) has also seen a significant growth of 369.6% YoY to Rs 21.65 crore, further strengthening the company's financial position.

It is worth noting that SG Finserve has consistently shown growth in net sales, operating profit, PBT, and PAT in the last five quarters, with the current quarter recording the highest figures. This is a clear indication of the company's positive performance and its ability to generate higher earnings for its shareholders.

Based on these financial results, MarketsMOJO has given a 'Sell' call for SG Finserve's stock. However, it is important to note that this is not a recommendation from the company or any experts, but rather a fact-based analysis of the financials. With its strong financial performance and positive trends, SG Finserve is definitely a company to watch out for in the finance/NBFC industry.