Global Capital Markets Reports Strong Financial Performance in Q1 2024
Global Capital Markets, a microcap finance company, has announced its financial results for the quarter ending March 2024. Despite receiving a 'Sell' call from MarketsMojo, the company has shown positive performance with its score improving from 1 to 7 in the last 3 months. Key factors contributing to this include higher operating profit, profit before tax, profit after tax, and earnings per share, indicating a positive trend for the company's financials.
Global Capital Markets, a microcap finance company, has recently announced its financial results for the quarter ending March 2024. The results, declared on August 12, 2024, have received a 'Sell' call from MarketsMOJO.Despite this, the company has shown positive performance in the quarter, with its score improving from 1 to 7 in the last 3 months. This is a significant improvement and indicates that the company is on the right track.
One of the key factors contributing to this positive performance is the operating profit (PBDIT) for the quarter, which stands at Rs 0.47 crore. This is the highest in the last five quarters and shows a positive trend in the near term.
Similarly, the profit before tax less other income (PBT) for the quarter is also at its highest in the last five quarters, at Rs 0.45 crore. This is another positive sign for the company's financials.
The profit after tax (PAT) for the quarter is also at its highest in the last five quarters, at Rs 0.46 crore. This indicates a positive trend in the near term for the company's profitability.
Furthermore, the earnings per share (EPS) for the quarter is at its highest in the last five quarters, at Rs 0.12. This shows that the company has been able to create higher earnings for its shareholders.
Overall, Global Capital Markets has shown a strong financial performance in the quarter ending March 2024. While MarketsMOJO has given a 'Sell' call, the company's positive financial indicators suggest that it is on the right track and has the potential for future growth.
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