Credent Global Finance Reports Mixed Results for Q1 FY25, PAT Shows Significant Growth
Credent Global Finance, a microcap finance company, recently announced its financial results for the quarter ended March 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.
According to the financial report, Credent Global has seen a negative performance in the quarter, with a score of -9 compared to 8 in the previous quarter. However, there are some positive aspects to the company’s financials. The Profit After Tax (PAT) for the quarter has shown a significant growth of 137.7% compared to the average PAT of the previous four quarters. This indicates a positive trend in the near term for the company.
On the other hand, the Net Sales for the half-yearly period have shown a decline of -55.41% Year on Year (YoY). This is a cause for concern as the near term sales trend is also negative.
Credent Global Finance operates in the finance and non-banking financial sector, catering to the needs of microcap businesses. The company’s financial performance for the quarter may not be up to the mark, but it is important to note that this is just one quarter’s result and may not reflect the overall performance of the company. Investors are advised to do their own research and analysis before making any investment decisions.
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