Vani Commercials Reports Impressive Q3 Results
Vani Commercials, a microcap finance company, has reported a significant growth in net sales, standalone net profit, and operating profit for the quarter ended September 2023. The company's operating profit margin has also improved, leading to an improved score of 6 from 1 in the last 3 months. The strong operating cash flow and positive trends in key financial indicators indicate the company's potential for growth and stability in the finance/NBFC industry.
Vani Commercials, a microcap finance 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 86.25%, 550.00%, and 223.53% respectively. However, the interest expenses have also increased by 180.00% QoQ.The company's operating profit margin (excluding other income) has also improved compared to the previous quarter. This positive financial performance has led to an improved score of 6 from 1 in the last 3 months for Vani Commercials.
One of the key factors contributing to this growth is the company's strong operating cash flow, which has been the highest in the last three years at Rs -2.19 crore. This indicates that the company has generated higher cash revenues from its business operations.
Moreover, Vani Commercials has also shown a positive trend in its near-term operating profit, profit before tax (PBT) excluding other income, and profit after tax (PAT). The company's earnings per share (EPS) have also increased, indicating a higher profitability and creating value for its shareholders.
Overall, Vani Commercials has shown a strong financial performance in the quarter ended September 2023, with positive trends in key financial indicators. This reflects the company's potential for growth and stability in the finance/NBFC industry.
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