Thirdwave Financial Intermediaries Reports Strong Growth in December 2024 Financial Results

Feb 14 2025 11:35 AM IST
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Thirdwave Financial Intermediaries has announced its financial results for the quarter ending December 2024, revealing significant growth in key performance metrics. Net sales reached Rs 29.90 crore, while profit before tax and profit after tax also showed substantial increases compared to previous quarters, indicating a strong upward trend in performance.
Thirdwave Financial Intermediaries has recently reported its financial results for the quarter ending December 2024, showcasing notable developments in its performance metrics. The company has experienced a significant shift in its evaluation, with its score reflecting a transition from -8 to 27 over the past three months.

The financial results indicate a robust growth trajectory for Thirdwave Financial. The net sales for the quarter reached Rs 29.90 crore, marking a substantial increase compared to the average net sales of the previous four quarters, which stood at Rs 10.33 crore. This performance highlights a strong near-term sales trend.

Additionally, the profit before tax (PBT) for the quarter was recorded at Rs 4.87 crore, demonstrating a considerable rise from the average PBT of Rs 1.93 crore in the prior four quarters. Similarly, the profit after tax (PAT) reached Rs 5.06 crore, significantly surpassing the average PAT of Rs 1.96 crore from the previous periods.

Overall, Thirdwave Financial Intermediaries has shown a positive financial performance in its latest quarter, leading to an adjustment in its evaluation.

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