Abhinav Capital Services Reports Decline in Q3

Abhinav Capital Services, a microcap finance company, has recently declared its financial results for the quarter ended September 2023. The company's net sales for the quarter have seen a significant decline of -54.09% compared to the previous quarter, while the standalone net profit has also decreased by -70.64%. The operating profit (PBDIT) excluding other income has also shown a decline of -55.78% in the same period.

One of the major factors contributing to this decline is the significant increase in interest expenses, which have grown by 288.46% compared to the previous quarter. This has also led to a decrease in the operating profit margin (excluding other income) for the quarter.

Despite these challenges, Abhinav Capital has shown a positive trend in its net sales for the nine-month period, with a growth of 1.18% compared to the previous 12-month period. However, the company's profit after tax (PAT) for the quarter has fallen by -27.4% compared to the average PAT of the previous four quarters.

Overall, the company's financial performance for the quarter has been flat, with a score of -2 compared to 6 in the last three months. While there are some positive aspects, such as the increase in net sales for the nine-month period, the near-term trend for PAT is negative. Investors should carefully consider these factors before making any investment decisions regarding Abhinav Capital Services.