Capital India Finance reports strong financial performance in Q3 2024

Capital India Finance, a smallcap finance company, has recently declared its financial results for the quarter ending September 2024. The company has shown a positive performance in this quarter, with a score of 11 compared to -11 in the previous quarter.

According to the financials, Capital India has seen a significant growth in its Profit After Tax (PAT) for the quarter, which has increased by 3160.0% compared to the average PAT of the previous four quarters. The company's operating cash flow has also been consistently growing over the last three years, with the highest amount of Rs 120.56 crore in the last year.

The company's operating profit (PBDIT) for the quarter has also been the highest in the last five quarters, indicating a positive trend. The operating profit margin has also improved, showing the company's efficiency in managing its operations. The profit before tax (PBT) less other income has also been the highest in the last five quarters, with a positive trend in the near term.

However, the company's non-operating income is 66.53% of its PBT, which may not be a sustainable business model. Additionally, the company's cash and cash equivalents have decreased in the last six half-yearly periods, indicating a deterioration in short-term liquidity.

MarketsMOJO has given a 'Hold' call for Capital India's stock, based on its financial performance in the quarter. Overall, the company has shown positive growth in its financials, but there are some areas that need improvement. Investors are advised to do their own research and make informed decisions before investing in the company's stock.