Financial services company LKP Finance has been in the uptrend in terms of share price gains over the last week, but the company's latest financials, released earlier this month, may have investors concerned.
The company has a mid durability score due to positive performance in the last few quarters, but its Q3 results saw its operating expenses jump substantially. Expenses stood at Ra. 29.3 crore in the December quarter, compared to less than Rs. 4 crore in the same quarter the previous year. The firm as a result, delivered a loss in its most recent quarter. LKP Finance, once referred to as "tomorrow's bluechip" by analysts, has yet to fully explain the large jump in operating expenses and the losses in Q3, and the trend investors can expect in the upcoming quarters.