Five-Star Business Finance Reports Strong Financial Results for Q1 2024
Five-Star Business Finance, a leading NBFC, has announced its financial results for the quarter ending March 2024. The company has shown consistent growth in net sales, operating profit, and profit after tax, with the highest figures in the last five quarters. This indicates a positive trend in sales and profitability for the company.
Five-Star Business Finance, a leading non-banking financial company (NBFC) in the finance industry, has recently announced its financial results for the quarter ending March 2024. The company has received a 'Hold' call from MarketsMOJO, a leading financial analysis platform.According to the financial report, Five-Star Business Finance has shown a very positive performance in the quarter, with consistent growth in the last three months. The company's net sales for the quarter were at an all-time high of Rs 616.29 crore, with a steady growth trend in the last five quarters. This indicates a positive sales trend in the near future.
The operating profit (PBDIT) for the quarter was also at its highest at Rs 455.47 crore, with a consistent growth trend in the last five quarters. The company's profit before tax (PBT) less other income was at Rs 310.34 crore, showing a positive trend in the near term. Similarly, the profit after tax (PAT) for the quarter was at its highest at Rs 236.06 crore, with a steady growth trend in the last five quarters.
The company's net sales for the quarter have grown at a rate of 23.1% over the average net sales of the previous four quarters, indicating a positive sales trend in the near future. Similarly, the PBT for the quarter has grown at a rate of 22.4% over the average PBT of the previous four quarters, and the PAT has grown at a rate of 22.8% over the average PAT of the previous four quarters.
With a highest earnings per share (EPS) of Rs 8.07 in the last five quarters, Five-Star Business Finance has shown increasing profitability and has created higher earnings for its shareholders. Overall, the company's financial performance for the quarter ending March 2024 has been very positive, and it is expected to continue its growth trend in the near future.
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