Srestha Finvest Reports Positive Q2 Results, Net Sales Up by 883.56%

Srestha Finvest, a microcap finance company, has recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, Srestha Finvest has shown positive performance in the second quarter of the fiscal year 2024-2025. The company's score has improved from 32 to 13 in the last three months.

One of the key highlights of the financial report is the significant growth in net sales. The company's half-yearly net sales have increased by 883.56% year on year, reaching Rs 43.08 crore. This is a very positive trend for the company.

Moreover, the company has also surpassed its sales from the previous 12 months in just the first half of the fiscal year. This shows a strong growth potential for Srestha Finvest.

However, there are some areas that need improvement as per the financial report. The company's profit before tax less other income (PBT) has fallen by -265.5% compared to the average PBT of the previous four quarters. Similarly, the profit after tax (PAT) has also declined by -283.5% compared to the average PAT of the previous four quarters.

Furthermore, the operating profit (PBDIT) and PBT have also shown a negative trend in the near term. The company's earnings per share (EPS) have also decreased, indicating a decline in profitability.

Overall, Srestha Finvest has shown positive growth in net sales, but there are some areas that need improvement in terms of profitability. Investors are advised to hold their stocks for now and keep an eye on the company's future financial performance.