Siddha Ventures' Q3 Financial Results Mixed

Siddha Ventures, a microcap finance company, recently declared its financial results for the quarter ended September 2023. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the quarterly analysis, Siddha Ventures has seen a decline in net sales and consolidated net profit by -100.00% and -123.53% respectively, compared to the previous quarter. The operating profit (PBDIT) excluding other income has also decreased by -110.00%. The company has not shown any interest in the last few periods and the operating profit margin has fallen from the previous quarter.

Despite the flat financial performance, there are some positive aspects for Siddha Ventures. The profit after tax (PAT) for the nine-month period has grown by 1,507.87% year on year, which is a very positive trend. The company has also shown higher PAT at Rs 20.42 crore compared to the previous 12-month period. This indicates that the company has already surpassed its sales from the previous year.

However, there are some areas that need improvement for Siddha Ventures. The operating profit (PBDIT) for the quarter is at its lowest in the last five quarters, indicating a negative trend in the near term. The profit before tax (PBT) less other income is also at its lowest in the last five quarters, showing a negative trend in the near future. The earnings per share (EPS) for the quarter is also at its lowest in the last five quarters, which means the company has created lower earnings for its shareholders.

Overall, Siddha Ventures has shown a mixed performance in the quarter ended September 2023. While there are some positive aspects, there are also areas that need improvement. Investors should carefully analyze the company's financials before making any investment decisions.