Inani Securities Reports Positive Financial Performance in Q1 FY25, PAT Grows by 1,060.32%

Inani Securities, a microcap finance and non-banking financial company (NBFC), has recently announced its financial results for the quarter ending March 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.

Despite the challenging economic conditions, Inani Securities has shown positive financial performance in the quarter ending June 2024. The company’s score has improved from 9 to 12 in the last three months, indicating a positive trend.

One of the key factors contributing to this positive performance is the significant growth in Profit After Tax (PAT) for the half-yearly period. The company’s PAT has grown by a staggering 1,060.32% year on year, showcasing a strong financial performance. Moreover, the PAT for the half-yearly period is higher at Rs 1.25 crore compared to the preceding 12 months, which was at Rs -0.07 crore. This indicates a significant improvement in the company’s financials.

In addition, Inani Securities has also recorded its highest Operating Profit (PBDIT) in the last five quarters, standing at Rs 0.01 crore for the quarter ending March 2024. This positive trend in the company’s operating profit is expected to continue in the near term.

Overall, Inani Securities has shown a strong financial performance in the quarter ending March 2024, with significant growth in PAT and operating profit. This showcases the company’s resilience and ability to navigate through challenging economic conditions.