BAMPSL Securities Reports Flat Q1 Performance, But Shows Positive Growth in Key Areas

BAMPSL Securities, a microcap finance and non-banking financial company (NBFC), has recently announced its financial results for the quarter ended June 2024. The company's stock has been given a 'Strong Sell' call by MarketsMOJO.

According to the financial report, BAMPSL Sec. has shown a flat performance in the quarter, with a score of 3 out of 5, which is a decrease from the previous quarter. However, there are some positive aspects to the company's financials.

The operating profit (PBDIT) for the quarter was the highest in the last five quarters, at Rs 0.07 crore. The near-term trend for operating profit is also positive. Similarly, the profit before tax less other income (PBT) for the quarter was also the highest in the last five quarters, at Rs 0.07 crore. The near-term trend for PBT is also positive.

In terms of profit after tax (PAT), the company has shown a higher figure of Rs 0.50 crore in the nine-month period, compared to the previous twelve months ended June 2024, which was Rs 0.29 crore. This indicates a growth in sales for the company in the nine-month period.

Overall, while BAMPSL Securities may have seen a flat performance in the quarter, there are some positive signs in its financials. Investors should keep an eye on the company's future performance to make informed decisions.