Nivaka Fashions Reports Strong Financial Growth
Nivaka Fashions, a microcap trading company, has recently declared its financial results for the quarter ended September 2023. The company has shown a significant growth in its net sales, standalone net profit, and operating profit (PBDIT) excluding other income, with a quarter-on-quarter (QoQ) growth of 473.33%, 266.67%, and 2,900.00% respectively. This is a major improvement from the previous quarter, where the company had reported a negative growth in these areas.The company's interest expenses have remained stable, indicating a strong financial position. The operating profit margin (excluding other income) has also improved compared to the previous quarter. This positive financial performance has led to a score improvement from 1 to 6 in the last 3 months for Nivaka Fashions, according to MarketsMOJO.
One of the key highlights of the financial results is the company's profit after tax (PAT) for the half-yearly period, which has increased to Rs 0.06 crore from the preceding 12-month period ended September 2023 of Rs -0.01 crore. This shows a significant improvement in the company's profitability. Additionally, Nivaka Fashions has also generated the highest operating cash flow of Rs 1.21 crore in the last three years, indicating a strong cash flow from its business operations.
In the last five quarters, the company has also reported its highest operating profit (PBDIT) of Rs 0.28 crore, showing a positive trend in the near term. This is a positive sign for investors and stakeholders of Nivaka Fashions.
Overall, the financial results for the quarter ended September 2023 have been positive for Nivaka Fashions, showcasing its strong performance and potential for growth in the trading industry.
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