CSL Finance Reports Record High Sales and Profits in Q1 FY25

CSL Finance, a smallcap finance company, has recently declared its financial results for the quarter ended June 2024. The company has received a ‘Hold’ call from MarketsMOJO, indicating a neutral stance on the stock.

According to the financials, CSL Finance has shown a very positive performance in the quarter, with a score of 23 compared to 27 in the previous quarter. The company’s net sales for the quarter were at a record high of Rs 51.09 crore, showing a growth trend in each of the last five quarters. This indicates a positive near-term sales trend for the company.

Furthermore, the operating profit (PBDIT) for the quarter was also at its highest at Rs 39.04 crore, with a positive trend in the last five quarters. The profit before tax (PBT) less other income was also at its highest at Rs 24.38 crore, with a positive trend in the near term. The PBT has also shown a growth of 35.52% year on year, indicating a positive trend for the company.

The profit after tax (PAT) for the quarter was at Rs 18.49 crore, showing a growth of 39.5% year on year. This also indicates a positive trend in the near term for the company. Additionally, CSL Finance has shown a strong cash position with cash and cash equivalents at Rs 63.39 crore in the last six half-yearly periods, indicating an improvement in short-term liquidity.

Overall, CSL Finance has shown a strong financial performance in the quarter ended June 2024, with positive trends in key financial indicators. This showcases the company’s potential for growth and stability in the finance industry. Investors are advised to hold their positions in the stock, as recommended by MarketsMOJO.