DB Intl.Stock Brokers Announces Positive Financial Results for Q1 FY25 Despite Negative Recommendation
DB (International) Stock Brokers, a microcap company in the finance/NBFC industry, recently announced its financial results for the quarter ending March 2024. The results, declared on July 30, 2024, have received a ‘Sell’ call from MarketsMOJO.
Despite the negative recommendation, DB Intl.Stock has shown a positive financial performance in the quarter. The company’s score has fallen from 17 to 12 in the last 3 months, indicating a decline in overall performance.
However, there are some positive aspects to DB Intl.Stock’s financials for the quarter ending June 2024. The company’s net sales for the half-yearly period have grown by 74.08% year on year, reaching Rs 27.47 crore. This indicates a strong sales trend in the near term.
Additionally, the company’s profit after tax (PAT) for the half-yearly period has also shown growth, increasing by 36.86% year on year to reach Rs 4.01 crore. This suggests a positive trend in the company’s profitability in the near term.
Overall, DB (International) Stock Brokers has shown a mixed performance in the quarter ending March 2024, with a decline in its overall score but positive growth in net sales and PAT. Investors may want to closely monitor the company’s future financial results to make informed decisions.
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