Global Capital Markets Shows Improvement in Financial Results for Q4 2023

Feb 12 2024 10:35 PM IST
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Global Capital Markets, a microcap finance company, reported a flat performance in the quarter ending December 2023, with a score of 3 out of 5. However, the company's Profit After Tax has shown a significant improvement in just six months, indicating efforts to overcome market challenges. Investors can monitor its progress.
Global Capital Markets, a microcap finance company, recently announced its financial results for the quarter ending December 2023. The company's stock has been given a 'Sell' call by MarketsMOJO, a leading financial analysis platform.

According to the financial report, Global Capital Markets has seen a flat performance in the quarter, with a score of 3 out of 5. This is a decrease from the previous quarter's score of 5. However, there are some positive aspects to the company's financials.

One of the highlights is the company's Profit After Tax (PAT) for the half-yearly period, which has increased to Rs 0.24 crore from the preceding 12-month period ending December 2023, where it was at Rs -0.38 crore. This shows a significant improvement in the company's profitability in just six months.

Global Capital Markets, being a microcap finance company, has been facing challenges in the current market conditions. However, the company's financial results for the quarter ending December 2023 show that it is making efforts to improve its performance and achieve growth. Investors and stakeholders can keep a close eye on the company's progress in the coming months.
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