Greencrest Financial Services Reports Strong Sales Growth Amid Profitability Challenges in February 2025

Feb 12 2025 05:17 PM IST
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Greencrest Financial Services has reported its financial results for the quarter ending December 2024, showcasing a significant increase in quarterly net sales, reaching Rs 22.35 crore, a 30.55% year-on-year growth. However, the company faces challenges with a notable decline in profit after tax, indicating mixed financial performance.
Greencrest Financial Services, a microcap player in the finance/NBFC sector, has recently reported its financial results for the quarter ending December 2024. The results, declared on February 12, 2025, indicate a notable shift in the company's evaluation, with the score rising to 4 from 1 over the past three months.

The financial data reveals that Greencrest achieved its highest quarterly net sales in the last five quarters, totaling Rs 22.35 crore, reflecting a year-on-year growth of 30.55%. This positive sales trend suggests a strengthening in revenue generation for the company.

However, the financial results also highlight challenges, particularly in the area of profit after tax (PAT). The half-yearly PAT stands at Rs 2.65 crore, which has experienced a significant decline of 61.93% year-on-year. This aspect indicates a concerning trend in profitability that may require further scrutiny.

Overall, Greencrest Financial Services is navigating a complex financial landscape, with both positive sales momentum and significant challenges in profitability.

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