Geojit Financial Services reports record high net sales and profitability in Q4.

Geojit Financial Services, a smallcap finance and non-banking financial company, has recently announced its financial results for the quarter ending December 2023. The company has shown a positive performance in this quarter, with its score improving from 9 to 12 in the last 3 months.

One of the key highlights of the financial results is the increase in net sales, which have reached a record high of Rs 152.22 crore in the last five quarters. This is a growth of 27.1% over the average net sales of the previous four quarters, indicating a positive trend in the company's sales performance.

The operating profit (PBDIT) for the quarter has also seen a significant increase, reaching Rs 58.20 crore, the highest in the last five quarters. This shows a positive trend in the company's profitability.

The profit after tax (PAT) for the quarter has also seen a significant increase, reaching Rs 36.89 crore, the highest in the last five quarters. This indicates a positive trend in the company's overall financial performance.

The earnings per share (EPS) for the quarter have also reached a record high of Rs 1.54, showing an increase in profitability and creating higher earnings for shareholders.

However, one area of concern for Geojit Financial Services is its debt-equity ratio, which has reached its highest level of 0.25 times in the last five half-yearly periods. This indicates that the company is borrowing more to fund its operations, which may put a strain on its liquidity situation.

Overall, Geojit Financial Services has shown a positive financial performance in the quarter ending December 2023, with an increase in net sales, operating profit, and profit after tax. Investors can take note of this and consider the stock as a 'Buy' option, as recommended by MarketsMOJO.