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Nahar Capital and Financial Services Ltd. has announced a board meeting on November 12, 2024, revealing its financial results for the quarter and half-year.
Total consolidated revenue for the quarter increased by 6.5% year-over-year to ₹1,887.11 crore, driven primarily by higher interest income and gains from fair value changes. Net profit surged by 34.6% to ₹643.18 crore for the quarter, supported by enhanced operational efficiencies and effective cost management, reflected in a slight decrease in operational expenses by 3.9%.
The balance sheet remains robust with total assets rising to ₹1,809.52 crore, while cash flow from operating activities saw a significant outflow, indicating potential investments for growth.
Overall, the outlook appears positive with strategic focuses on growth and innovation. Maintaining a cautiously optimistic stance, it's advisable to consider holding for potential upside given the current financial strength and market conditions.
All announcements from Nahar Capital and Financial Services Limited