Karnavati Finance Shows Positive Growth in Q3
Karnavati Finance, a microcap company in the miscellaneous industry, has recently declared its financial results for the quarter ended September 2023. The company's net sales have shown a significant growth of 108.77% quarter-on-quarter, compared to a decline of 43.56% in the previous quarter. The standalone net profit has also seen a substantial increase of 263.89% in the current quarter, as compared to 38.98% in the previous quarter.The operating profit (PBDIT) excluding other income has shown an impressive growth of 2,875.00% in the quarter ended September 2023, as compared to 92.16% in the previous quarter. However, the interest expenses have also increased by 37.50% in the current quarter, compared to 28.00% in the previous quarter.
Despite the increase in interest expenses, the operating profit margin (excluding other income) has improved in the quarter ended September 2023, as compared to the previous quarter. This is a positive sign for Karnavati Finance, indicating a potential improvement in its financial performance.
According to MarketsMOJO, a leading stock analysis platform, the stock call for Karnavati Finance is currently 'Strong Sell'. However, the company's financial performance in the last quarter has shown some positive trends. The operating profit (PBDIT) for the quarter was the highest in the last five quarters, and the near-term trend for operating profit is also positive.
Overall, Karnavati Finance has shown a flat financial performance in the quarter ended September 2023, but there are some positive indicators for the company's future. The score has improved from -1 to 1 in the last three months, indicating a potential turnaround for the company. Investors should keep an eye on the company's performance in the coming quarters to make informed decisions.
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