Yash Management & Satellite's Q3 Financial Results Show Decline

Yash Management & Satellite, a microcap finance company, recently announced its financial results for the quarter ended September 2023. The company's net sales for the quarter showed a growth of 11.35% compared to the previous quarter, which had seen a decline of 59.48%. However, the consolidated net profit for the quarter showed a significant decline of 510.53% compared to the previous quarter's growth of 39.68%.

The company's operating profit (PBDIT) excluding other income also showed a sharp decline of 1,072.73% compared to the previous quarter's growth of 41.07%. Additionally, the interest expenses for the quarter also saw a decline of 26.47% compared to the previous quarter.

Despite the positive growth in net sales, the overall financial performance of Yash Management & Satellite for the quarter was negative. The company's score has fallen from 7 to -8 in the last 3 months, indicating a decline in its financial health.

The company's net sales for the quarter were at Rs 5.69 crore, which is a significant decline of 21.3% compared to the average net sales of the previous four quarters. This indicates a negative trend in the company's sales performance in the near term.

Similarly, the profit before tax (PBT) less other income for the quarter was at Rs -4.40 crore, which is a decline of 410.1% compared to the average PBT of the previous four quarters. The company's operating cash flow for the year was also at its lowest in the last three years, indicating a decline in its cash revenues from business operations.

The company's operating profit (PBDIT) for the quarter was at its lowest in the last five quarters, and the same trend was seen in the profit before tax (PBT) less other income. The earnings per share (EPS) for the quarter were also at its lowest in the last five quarters, indicating a decline in profitability and lower earnings for shareholders.

In addition, the company's cash and cash equivalents for the half-yearly period were at its lowest in the last six periods, indicating a deteriorating short-term liquidity. Overall, the financial results for the quarter ended September 2023 show a negative trend for Yash Management & Satellite.