Srestha Finvest Reports Mixed Financial Results Amidst Growth and Profitability Challenges in December 2024

Srestha Finvest, a microcap player in the finance/NBFC sector, has released its financial results for the quarter ending December 2024. The results indicate a mixed performance, with certain metrics showing positive trends while others reflect significant challenges.
On a positive note, Srestha Finvest reported net sales of Rs 7.06 crore for the half-yearly period, marking a year-on-year growth of 29.30%. This suggests a favorable near-term sales trend, which could be a positive indicator for the company's operational activities.

Conversely, the financial results also highlight considerable difficulties. The profit before tax less other income (PBT) for the quarter was recorded at Rs -24.57 crore, which represents a notable decline compared to the average PBT of the previous four quarters. Similarly, the profit after tax (PAT) stood at Rs -24.53 crore, reflecting a significant drop from the average PAT of the prior quarters. Additionally, the operating profit reached its lowest point in the last five quarters at Rs -23.66 crore, indicating ongoing challenges in maintaining profitability.

As a result of these developments, Srestha Finvest has experienced an adjustment in its evaluation, with its score reflecting these shifts in performance metrics.

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