Morarka Finance Faces Profitability Challenges in Q3 FY24-25 Financial Results

Jan 20 2025 03:03 PM IST
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Morarka Finance has announced its financial results for the third quarter of FY24-25, revealing challenges in profitability. The Profit After Tax for the nine-month period is Rs 2.27 crore, while operating profit and Profit Before Tax are both at Rs 0.02 crore, indicating significant hurdles for the company.
Morarka Finance has recently reported its financial results for the third quarter of FY24-25, which reveal notable challenges within the company. The Profit After Tax (PAT) for the nine-month period is recorded at Rs 2.27 crore, reflecting a year-on-year decline. This trend suggests difficulties in sustaining profitability.

The operating profit, indicated by Profit Before Depreciation, Interest, and Taxes (PBDIT), has reached a notably low figure of Rs 0.02 crore, marking a significant point in the company's recent financial history. Similarly, the Profit Before Tax (PBT), excluding other income, also stands at Rs 0.02 crore, highlighting ongoing issues in profitability.

Earnings per Share (EPS) have decreased to Rs 0.20, the lowest level observed in the past five quarters, indicating a challenging environment for shareholders. Overall, Morarka Finance's financial results for Q3 FY24-25 underscore the significant hurdles the company is currently navigating.

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