Alankit's Q4 Financial Results Show Positive Growth, But Sales Decline

Alankit, a microcap company in the finance/NBFC industry, has recently announced its financial results for the quarter ending March 2024. The results have been declared on May 23, 2024 and have received a 'Hold' call from MarketsMOJO.

According to the financials, Alankit has shown a positive performance in the quarter, with a score of 9 compared to -3 in the previous 3 months. This improvement can be attributed to various factors.

One of the key highlights of the financials is the growth in Profit Before Tax less Other Income (PBT) which has increased by 54.06% year on year, reaching Rs 8.72 crore. The near term trend for PBT is also very positive. Similarly, the Profit After Tax (PAT) has also shown a growth of 40.6% year on year, with a near term trend that is very positive.

The company's Operating Profit (PBDIT) has reached its highest in the last five quarters at Rs 10.37 crore, indicating a positive trend in the near term. The Operating Profit Margin has also shown improvement, reaching its highest at 11.38% in the last five quarters, showcasing the company's increased efficiency.

However, the financials also highlight a decline in Net Sales, which has fallen by -38.48% year on year, reaching Rs 91.16 crore. The near term trend for sales is also negative.

Overall, Alankit's financial performance for the quarter ending March 2024 has shown positive growth in key areas, but also a decline in sales. Investors are advised to hold their position and monitor the company's performance in the upcoming quarters.