V B Desai Fin. Faces Decline in Profits

Nov 07 2023 12:00 AM IST
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In the September 2023 quarter, V B Desai Fin. saw a decline in net sales by -38.27% and a decrease in standalone net profit by -53.85%. The company's operating profit margin also decreased from 116.67% to -76.92%. However, no interest was paid in the last few periods, which could be a positive sign for the company's financial health. MarketsMojo has given a 'Sell' call for the company's stock, indicating a negative outlook. Despite these challenges, V B Desai Fin. remains a microcap company in the finance/NBFC industry.
Net Sales - Quarterly: Declined by -38.27% in Sep 2023 quarter compared to the previous quarter. This indicates a decrease in demand for the company's products or services.
Standalone Net Profit - Quarterly: Decreased by -53.85% in Sep 2023 quarter compared to the previous quarter. This shows a decline in the company's profitability.
Operating Profit Margin (Excl OI) - Quarterly: Decreased from 116.67% in Jun 2023 quarter to -76.92% in Sep 2023 quarter. This indicates a decrease in the company's efficiency in generating profits from its operations.
Interest - Quarterly: No interest was paid in the last few periods, which could be a positive sign for the company's financial health.
Stock call by MarketsMOJO for V B Desai Fin. is 'Sell', indicating a negative outlook for the company's stock performance.

Despite these challenges, V B Desai Fin. remains a microcap company in the finance/NBFC industry. It is important to note that this article is based on facts and financial data, and does not include any future potential or expert opinions. As always, it is recommended to do thorough research and consult with a financial advisor before making any investment decisions.
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