Aastamangalam Finance Reports Positive Performance in Q1 FY25, Highest Figures in 5 Quarters

Aastamangalam Finance, a microcap finance company, has recently announced its financial results for the quarter ending June 2024. The company has shown a positive performance in this quarter, with its score improving from 11 to 19 in the last three months.

One of the key factors contributing to this improvement is the company’s net sales, which have grown by 121.83% year on year to reach Rs 5.08 crore. This indicates a very positive sales trend for Aastamangalam Finance.

In terms of operating profit, the company has recorded its highest figure of Rs 2.77 crore in the last five quarters. This shows a positive trend in the near term for Aastamangalam Finance.

Similarly, the company’s profit before tax (PBT) less other income has also reached its highest figure of Rs 2.22 crore in the last five quarters. This indicates a positive trend in the near term for PBT.

Aastamangalam Finance has also shown a positive trend in its profit after tax (PAT), with its highest figure of Rs 1.67 crore in the last five quarters. This further reinforces the company’s positive performance in this quarter.

Moreover, the company’s earnings per share (EPS) have also increased to its highest figure of Rs 1.87 in the last five quarters. This shows that Aastamangalam Finance has been able to create higher earnings for its shareholders.

Based on these financial results, MarketsMOJO has given a ‘Strong Sell’ call for Aastamangalam Finance’s stock. Investors should keep an eye on the company’s future performance to make informed decisions.