KBS India's Q3 Financial Results Decline

Nov 06 2023 12:00 AM IST
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KBS India, a microcap finance company, reported a 47.06% increase in net sales for the September quarter, but a 900.00% decline in standalone net profit. The company's operating profit and margin also saw a decline. MarketsMojo has given a 'Strong Sell' call for the stock, with a flat financial performance and negative trends. Investors should approach with caution.
KBS India, a microcap finance company, recently declared its financial results for the quarter ended September 2023. According to the data released on November 6, 2023, the company's net sales saw a significant growth of 47.06% compared to the previous quarter of June 2023, which only saw a growth of 9.68%. However, the standalone net profit for the quarter showed a decline of 900.00% as compared to the previous quarter's decline of 120.00%.

The company's operating profit (PBDIT) excluding other income also saw a decline of 180.00% in the September quarter, as opposed to a growth of 71.43% in the June quarter. Additionally, the operating profit margin (excluding other income) also saw a decline from the previous quarter.

MarketsMOJO, a leading stock analysis platform, has given a 'Strong Sell' call for KBS India's stock. The company's financial performance for the quarter has been flat, with a score of -3, which has fallen from 2 in the last three months.

Based on the financial data for the September quarter, it is evident that KBS India is facing some challenges. The company's operating cash flow has been consistently declining over the last three years, with the lowest at Rs -1.18 crore. Moreover, the profit before tax (PBT) less other income for the quarter was at its lowest in the last five quarters, indicating a negative trend in the near term.

It is important for investors to carefully analyze the financial performance of a company before making any investment decisions. With the current financial data, it is advisable to approach KBS India's stock with caution.
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