Credo Brands Reports Positive Financial Results for Q2 2024, Receives 'Hold' Call from MarketsMOJO

Credo Brands, a smallcap retailing company, has recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, Credo Brands has shown a flat performance in the second quarter of the fiscal year 2024-25. However, there has been an improvement in the company's score, which has increased from -15 to 5 in the last three months.

The financials for the quarter have shown positive trends for Credo Brands. The Profit Before Tax (PBT) has grown by 83.9% to Rs 34.84 crore, compared to the average PBT of the previous four quarters, which was Rs 18.94 crore. This indicates a very positive trend in the near term for PBT.

Similarly, the Profit After Tax (PAT) has also shown a growth of 75.2% to Rs 26.46 crore, compared to the average PAT of the previous four quarters, which was Rs 15.10 crore. This is another positive trend for the company in the near term.

The Net Sales for the quarter have been the highest in the last five quarters, at Rs 185.57 crore. This is a 29.6% growth compared to the average Net Sales of the previous four quarters, which was Rs 143.18 crore. The near term sales trend for Credo Brands is also positive.

The Operating Profit (PBDIT) for the quarter has been the highest in the last five quarters, at Rs 57.64 crore. This indicates a positive trend for the company's operating profit in the near term.

Overall, the financial results for the quarter ending September 2024 show positive trends for Credo Brands. With a 'Hold' call from MarketsMOJO, investors may want to keep an eye on this smallcap retailing company.