Ontic Finserve Reports 152.47% PAT Growth for Half-Year Ending December 2024
Ontic Finserve has announced its financial results for the quarter ending December 2024, revealing a Profit After Tax of Rs 1.38 crore for the half-year, a significant year-on-year growth. This marks a turnaround from the previous year's loss, indicating a positive trend in the company's profitability.
Ontic Finserve, a microcap player in the finance/NBFC sector, has recently reported its financial results for the quarter ending December 2024. The results, declared on February 10, 2025, indicate a notable shift in the company's financial landscape.The company has recorded a Profit After Tax (PAT) of Rs 1.38 crore for the half-year period, reflecting a significant year-on-year growth of 152.47%. This performance marks a substantial turnaround compared to the previous year's PAT of Rs -2.86 crore, showcasing a positive trend in profitability. The financial results suggest that Ontic Finserve has not only improved its earnings but has also surpassed its performance from the preceding twelve months within just half a year.
In light of these developments, Ontic Finserve has experienced an adjustment in its evaluation, with its score rising to 11 from 7 over the last three months. This revision highlights the company's evolving financial position and the positive trajectory it appears to be on.
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