Niyogin Fintech Reports Strong Financial Performance in Q1 Despite 'Strong Sell' Rating

Niyogin Fintech, a microcap finance company, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Strong Sell' rating by MarketsMOJO.

Despite the negative stock call, Niyogin Fintech has shown positive financial performance in the last quarter. The company's score has improved from 16 to 12 in the last three months.

One of the key highlights of the financial report is the growth in net sales, which has increased by 76.92% year on year, reaching Rs 103.78 crore in the half-yearly period. This indicates a strong sales trend in the near future.

The company's operating profit (PBDIT) for the quarter was at its highest in the last five quarters, standing at Rs -0.23 crore. This shows a positive trend in the company's operating profit in the near term.

Niyogin Fintech has also improved its operating profit margin, which was at its highest in the last five quarters at -0.46%. This indicates an increase in the company's efficiency.

The company's profit before tax less other income (PBT) for the quarter was at its highest in the last five quarters, reaching Rs -4.07 crore. This shows a positive trend in the near term for PBT.

Similarly, the profit after tax (PAT) for the quarter was at its highest in the last five quarters, standing at Rs -2.12 crore. This indicates a positive trend in the near term for PAT.

Niyogin Fintech has also shown an increase in its earnings per share (EPS) for the quarter, reaching its highest at Rs -0.22 in the last five quarters. This shows an improvement in the company's profitability and higher earnings for its shareholders.

Overall, Niyogin Fintech has shown positive financial performance in the last quarter, with an increase in sales, operating profit, and profitability. However, investors should consider the 'Strong Sell' rating given by MarketsMOJO before making any investment decisions.