Apoorva Leasing's Q3 Results Show Mixed Performance

Apoorva Leasing Finance & Investment Co, 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 decreased by 7.62% compared to the previous quarter, while its consolidated net profit has shown a growth of 59.26%. The operating profit (PBDIT) excluding other income has also seen a slight increase of 2.60% compared to the previous quarter.

According to MarketsMOJO, a leading stock analysis platform, the stock call for Apoorva Leasing is 'Sell'. However, the company's financial performance for the quarter has remained flat and has not shown any significant improvement or decline.

On a positive note, the company's profit after tax (PAT) for the nine-month period has increased to Rs 1.84 crore, surpassing the previous 12-month period's sales. This indicates a steady growth in the company's profitability.

However, there are some areas of concern for Apoorva Leasing. The company's operating cash flow for the year is at its lowest in the last three years, indicating a decline in cash revenues from business operations. Additionally, the company's short-term liquidity has also deteriorated, with its cash and cash equivalents at its lowest in the last six half-yearly periods.

Overall, Apoorva Leasing's financial performance for the quarter has been average, with some positive and negative aspects. Investors should carefully analyze the company's financials before making any investment decisions.