Akme Fintrade Reports Record Quarterly Sales and Profit Growth for December 2024

Feb 07 2025 08:45 PM IST
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Akme Fintrade (India) has announced its financial results for the quarter ending December 2024, showcasing record net sales of Rs 28.07 crore and peak operating profit of Rs 20.79 crore. The profit before tax reached Rs 11.86 crore, while profit after tax was Rs 8.93 crore, all marking significant highs.
Akme Fintrade (India), a microcap player in the finance/NBFC sector, has recently reported its financial results for the quarter ending December 2024. The results indicate a notable performance, with the company achieving its highest quarterly net sales at Rs 28.07 crore, reflecting a significant growth compared to the average of the previous four quarters. This upward trend in net sales has been consistent over the last five quarters.

Additionally, the operating profit for the quarter reached Rs 20.79 crore, marking another peak in performance. The profit before tax, less other income, also saw a substantial increase, reaching Rs 11.86 crore, which is the highest recorded in the last five quarters. Furthermore, the profit after tax stood at Rs 8.93 crore, again the highest in this timeframe.

These developments have led to an adjustment in the evaluation of Akme Fintrade, with the score reflecting a shift from 15 to 23 over the past three months. This revision underscores the positive trajectory observed in the company's financial metrics.

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