Akme Fintrade (India) Reports Strong Financial Results for Q1 FY25, Despite 'Sell' Call by MarketsMOJO.
Akme Fintrade (India), a microcap finance company, has recently declared its financial results for the quarter ending June 2024. According to the data released on July 29, 2024, the company’s stock has been given a ‘Sell’ call by MarketsMOJO.
Despite this, the company has shown positive growth in various financial aspects. The Profit After Tax (PAT) for the quarter stands at Rs 8.61 crore, which is a significant increase of 65.6% compared to the average PAT of the previous four quarters, which was Rs 5.20 crore. This indicates a very positive trend in the near term for the company’s profitability.
The Net Sales for the quarter have also seen a significant increase, reaching the highest at Rs 21.33 crore in the last five quarters. This shows a positive trend in the company’s sales performance in the near term.
The Operating Profit (PBDIT) for the quarter has also reached its highest at Rs 17.42 crore in the last five quarters, indicating a positive trend in the company’s operational efficiency. The Operating Profit Margin has also seen an improvement, reaching its highest at 81.67% in the last five quarters.
The Profit Before Tax less Other Income (PBT) for the quarter has also seen a significant increase, reaching its highest at Rs 9.11 crore in the last five quarters. This indicates a positive trend in the company’s overall profitability in the near term.
The company’s Earnings per Share (EPS) for the quarter have also reached its highest at Rs 2.72 in the last five quarters, showing an increase in profitability and creating higher earnings for shareholders.
Overall, Akme Fintrade has shown positive growth in its financials for the quarter ending June 2024, with a promising outlook for the near term.
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