Sanblue Corp. Reports Mixed Financial Results

Nov 07 2023 12:00 AM IST
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Sanblue Corporation, a microcap finance company, reported a 483.33% growth in standalone net profit and a 12.50% growth in operating profit for the quarter ended September 2023. However, the company did not generate any interest income and had a low profit before tax. The company's operating cash flow was strong, but investors should monitor future financials closely.

Sanblue Corporation, a microcap finance company, recently announced its financial results for the quarter ended September 2023. The company reported a 483.33% growth in standalone net profit compared to the previous quarter, which saw a decline of 50%. The operating profit (PBDIT) also showed a positive growth of 12.50% in the same period.

However, the company did not generate any interest income in the last few periods and there was no operating profit margin (excl OI) in the last few periods. This may be a cause for concern for investors.

Despite this, Sanblue Corp. has shown a flat financial performance in the quarter of September 2023. The company's score has improved from 0 to 1 in the last 3 months, indicating some positive developments.

One of the highlights of the financials is the company's strong operating cash flow, which has been the highest in the last three years at Rs 0.46 crore. This shows that the company has been able to generate higher cash revenues from its business operations.

However, the profit before tax (PBT) less other income (PBT) for the quarter was at its lowest in the last five quarters at Rs -0.08 crore. This indicates a negative trend in the near term for PBT.

Overall, Sanblue Corporation's financial results for the quarter ended September 2023 show a mixed performance. Investors may want to closely monitor the company's future financials to make informed decisions.
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