Variman Global's Q2 FY25 Financial Results Show Concerning Downward Trend
Variman Global Enterprises, a microcap finance company, recently announced its financial results for the quarter ending September 2024. The company’s stock has been given a ‘Strong Sell’ rating by MarketsMOJO.
According to the financial report, Variman Global’s performance for the quarter was flat, with a score of -2, showing a slight improvement from the previous quarter’s score of -5. However, the company’s profit before tax (PBT) has decreased by 141.83% year on year, with a PBT of -0.64 crore. This downward trend in PBT is a cause for concern in the near term.
The company’s non-operating income for the quarter was 272.97% of its PBT. This indicates that a significant portion of Variman Global’s income is coming from non-business activities, which may not be a sustainable business model in the long run.
While Variman Global’s financial performance for the quarter may not be promising, it is important to note that this is just one quarter’s results and may not reflect the overall performance of the company. Investors are advised to do their own research and analysis before making any investment decisions.
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