Som Datt Finance Corporation Reports Negative Financial Performance in Q3 2024

Despite a positive growth in net sales, Som Datt Finance Corporation has reported a negative financial performance for the quarter ending September 2024. The company's score has fallen to -12 from 21 in the last 3 months, according to MarketsMOJO's stock call of 'Strong Sell'.

On a positive note, the company's net sales for the nine-month period have shown a growth of 29.95% year on year. However, the profit before tax less other income (PBT) for the quarter has fallen by -115.1% compared to the average PBT of the previous four quarters. The same trend is seen in the profit after tax (PAT) which has fallen by -116.7% compared to the average PAT of the previous four quarters.

The company's operating cash flow for the year has also been the lowest in the last three years, indicating a decline in cash revenues from business operations. The operating profit (PBDIT) for the quarter has also been the lowest in the last five quarters, with a negative trend in the near term. The same can be seen in the PBT, which has also been the lowest in the last five quarters.

The company's earnings per share (EPS) for the quarter have also been the lowest in the last five quarters, showing a decline in profitability and lower earnings for shareholders. With these financial results, it is evident that Som Datt Finance Corporation, a microcap finance company, is facing challenges in its operations and needs to take necessary steps to improve its financial performance.